Posted On June 14, 2022

Veterans unemployment continued its steady recent decline in May, falling below 3% for the third consecutive month.

The employment statistic hasn’t been under that mark for three months since late 2019, a few months before the coronavirus pandemic disrupted the American economy and set veterans (and other workers) unemployment to historically high levels.

In May 2020, just a few weeks after the coronavirus pandemic started in America, the veterans unemployment rate was at 9%. Since then, the number of veterans struggling to find work has dropped by about 550,000 individuals.

According to the Bureau of Labor Statistics, about 2.7% of veterans looking for steady employment last month were unable to secure jobs, down from 2.9% in April. The figure translates to just under 250,000 veterans across the United States receiving joblessness benefits.

Original Article: Unemployed veterans dropped by more than half-a-million in last two years