The Bureau of Labor Statistics released data regarding the employment status of America’s military veterans. Based on the bureau’s statistics, U.S. veteran unemployment hit an all-time low in 2018.
Last year, the unemployment among post-9/11 veterans dropped to 3.8% for the first time as validated by Military Times. For the entire demographic, the unemployment rate declined to 3.5% which is the lowest level since 2000. In 2017, that rate was 3.7% and the lowest annual rate since 2001.
The unemployment rate in December for veterans was 3.2% compared to 3.8% from the same period a year before. Homelessness among veterans fell to 5.4% last year.
At the national level, December’s unemployment rate for all workers rose slightly to 3.9% from 3.7%, which was the lowest rate registered in 50 years. The unemployment rate among veterans climbed above 12% during the height of the financial crisis in 2011. Ever since that time, companies and the federal government implemented ways to promote the hiring of former military workers.
E-commerce behemoth Amazon.com Inc. is one of the companies that took in members and next of kin to fill jobs. Their new headquarters in Washington, D.C. specifically, demands skilled former service members with security clearances to complete defense contracts.