Posted on Jun 3, 2016
Post-9/11 vet unemployment sets records in May; U.S. hiring slows
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Even as hiring slowed for the nation as a whole in May, the unemployment rate for post-9/11 veterans continued to set records, government data shows.
Unemployment for such vets was 4 percent in May, edging out the previous record low of 4.1 percent, set the previous month. And the 4.2 percent record before that wasn't set long ago either — November 2015.
Such small differences in the rate are likely not very meaningful, particularly for this unemployment measure, which is based on a small sample size. But with the rate so low, statistically significant drops may be hard to come by.
The broader picture for the country was less rosy in May, with just 38,000 jobs gained, a sharp decrease from the previous month's 160,000 new jobs, and the lowest number seen in years. The nation's unemployment rate dropped from 5 percent to 4.7 percent in May.
That seasonally adjusted rate is not the best measure to compare with the post-9/11 vet unemployment rate, which is not seasonally adjusted. The nonveteran unemployment rate, which makes for a better comparison, was 4.4 percent in May — higher than the comparable unemployment measure for the latest generation of veterans for the second straight month.
Since May 2015, eight of the last 13 unemployment rates were either the lowest ever recorded, or the second lowest, at the time they came out. Over this unprecedented hot streak, seemingly every other month sets a record low rate, only to be eclipsed the following month.
And for veterans as a whole, the employment outlook may be even better. Just 3.4 percent of veterans of all generations were unemployed in May, down from April's 3.9 percent mark
Unemployment for such vets was 4 percent in May, edging out the previous record low of 4.1 percent, set the previous month. And the 4.2 percent record before that wasn't set long ago either — November 2015.
Such small differences in the rate are likely not very meaningful, particularly for this unemployment measure, which is based on a small sample size. But with the rate so low, statistically significant drops may be hard to come by.
The broader picture for the country was less rosy in May, with just 38,000 jobs gained, a sharp decrease from the previous month's 160,000 new jobs, and the lowest number seen in years. The nation's unemployment rate dropped from 5 percent to 4.7 percent in May.
That seasonally adjusted rate is not the best measure to compare with the post-9/11 vet unemployment rate, which is not seasonally adjusted. The nonveteran unemployment rate, which makes for a better comparison, was 4.4 percent in May — higher than the comparable unemployment measure for the latest generation of veterans for the second straight month.
Since May 2015, eight of the last 13 unemployment rates were either the lowest ever recorded, or the second lowest, at the time they came out. Over this unprecedented hot streak, seemingly every other month sets a record low rate, only to be eclipsed the following month.
And for veterans as a whole, the employment outlook may be even better. Just 3.4 percent of veterans of all generations were unemployed in May, down from April's 3.9 percent mark
Post-9/11 vet unemployment sets records in May; U.S. hiring slows
Posted from armytimes.comPosted in these groups: 
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Jobs
Posted >1 y ago
Responses: 3
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No surprise there SFC Joe S. Davis Jr., MSM, DSL. I know many people my age who were terminated in the past few years as the new healthcare package known as the Affordable Care Act was rolled out. That was a misnomer to the nth degree. If there is justice in this life the descendants of those responsible will be burdened with the fallout from this disaster along with the rest of us.
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Tell your soldiers to stay in the economy and the job market really sucks right now.
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A sad fact we face. Less and less jobs with more and more "applicants". However it is all about making sure we fall into the best qualified pile. It is all over the transitioning posts. Get your degree before you get out, write a honest and targeted resume highlighting what you did not what you were responsible for. Network, RP is a great source so is linked in. Start your transitioning process as soon as you think you may leave the military.
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