Posted on Jul 6, 2015

Unemployment for post-9/11 vets stays near historic low

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Would you like some good news? Unemployment for post-9/11 vets stays near historic low.

Back on Mar 7, 2015 GySgt Wayne A. Ekblad reported that the "Jobless Rate for Post 9/11 Veterans Hits Record Low".

Now it's July and we get an update...

"June marks only the third month in history with an unemployment rate for the latest generation of vets below 5.5 percent. May 2015, also with a 5.4 percent rate, was the second, and May 2014, with a record 5.3 percent rate, was the first.

The veteran-specific data is based on surveys with a very small sample size, and as a result, it's prone to dramatic fluctuations. Still, halfway through the 2015 monthly jobs reports, the trend seems to be historically positive."

More @
http://www.militarytimes.com/story/veterans/best-for-vets/2015/07/02/vet-unemploment-stays-near-historic-low/29615489/

Posted in these groups: Imgres

Employment

Posted 9 y ago

Responses: 7

LTC John Shaw

Posted 9 y ago

Capt Seid Waddell SPC Jan Allbright, M.Sc., R.S. While this is good news, the reality is that the U-6 number is over 12% and represents a true picture of our state of employment. Here is a link to help explain this number and why it matters.
http://www.forbes.com/sites/louisefron/2014/08/20/tackling-the-real-unemployment-rate-12-6/

Tackling The Real Unemployment Rate: 12.6%

Imagine being served your poolside drinks by a lawyer, or getting your chicken sandwich delivered by an experienced marketing professional. The first is a friend of mine, the second my waitress a few weeks ago. Both lost jobs due to economic downturns at their organizations. Both took available work to [...]

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Capt Seid Waddell

9 y

LTC John Shaw, sir, that was my understanding as well. I thought that the Vet unemployment of less than half of that was good news - if it reflects reality.

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LTC John Shaw

9 y

SPC Jan Allbright, M.Sc., R.S. Capt Seid Waddell I will see if I can break out the veteran U6 from the BLS data, it must wait until after my civilian work day is done.

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Capt Seid Waddell

9 y

"While the overall unemployment rate for veterans remained at 4.5% in November and the national unemployment rate fell to 5.8%, the job market continues to remain soft. While the unemployment rates politically look good, there is definitely a gap between those with jobs and the millions who have dropped out of the job market due to the lack of jobs. If one were to include the drop outs and use the U6 unemployment rate, national unemployment for November would be 11.4%. And yes, there are those who would say the real number is closer to 20%. "

https://vetjobs.com/welcoming-new-year/

LTC John Shaw, this sounds like the Veteran U6 is as high as the civilian U6.

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LTC John Shaw

8 y

This points to the reasons why the public does not 'feel' like we are in a recovery. When close to 100 million are out of work but companies keep importing workers, something doesn't add up.

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