{"id":49727,"date":"2022-04-01T14:05:19","date_gmt":"2022-04-01T14:05:19","guid":{"rendered":"https:\/\/one.sightlinemg.com\/airforcetimes\/uncategorized\/2022\/04\/01\/veterans-unemployment-drops-to-lowest-level-in-three-years\/"},"modified":"2026-08-08T07:56:54","modified_gmt":"2026-08-08T07:56:54","slug":"veterans-unemployment-drops-to-lowest-level-in-three-years","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/airforcetimes\/education-transition\/2022\/04\/01\/veterans-unemployment-drops-to-lowest-level-in-three-years\/","title":{"rendered":"Veterans unemployment drops to lowest level in three years"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.militarytimes.com\/education-transition\/2022\/03\/12\/how-companies-seek-out-veterans-for-employment\/\" target=\"_blank\">Veterans unemployment<\/a> in March fell to its lowest level in three years as the American economy continued to show signs of recovery from the <a href=\"https:\/\/www.militarytimes.com\/news\/coronavirus\/\" target=\"_blank\">ongoing coronavirus pandemic<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The 2.4% unemployment rate for veterans was the lowest monthly mark since April 2019 and the first time the figure has been under 3% since the start of the pandemic in early 2020.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the Bureau of Labor Statistics, the rate has declined steadily in recent months, from 3.9% last October to<a href=\"https:\/\/www.militarytimes.com\/education-transition\/2022\/03\/04\/veterans-unemployment-matched-its-lowest-levels-of-the-pandemic-in-february\/\" target=\"_blank\"> 3.2% in February<\/a>. It translates to about 216,000 veterans who were actively seeking work last month unable to find steady employment. That\u2019s roughly half the total jobless veterans from March 2021.<\/p>\n\n\n\t<aside class=\"smg-interstitial-link wp-block-smg-interstitial-link\">\n\t\t<a href=\"https:\/\/one.sightlinemg.com\/militarytimes\/education-transition\/2022\/02\/04\/half-a-million-veterans-re-entered-the-workforce-in-january\/\" class=\"smg-interstitial-link__inner\">\n\t\t\t\t\t\t\t<div class=\"smg-interstitial-link__media\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"214\" src=\"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/AP20246719893742.jpg.jpg?w=300\" class=\"smg-interstitial-link__image wp-post-image\" alt=\"\" \/>\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"smg-interstitial-link__content\">\n\t\t\t\t<span class=\"smg-interstitial-link__kicker\">Related<\/span>\n\t\t\t\t<h3 class=\"smg-interstitial-link__title\">Half a million veterans re-entered the workforce in January<\/h3>\n\t\t\t\t\t\t\t\t\t<p class=\"smg-interstitial-link__excerpt\">The unemployment rate rose, but largely because many more veterans were seeking work last month.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/aside>\n\t\n\n\n<p class=\"wp-block-paragraph\">Veterans of the Iraq and Afghanistan War era \u2014 who make up 43% of the veteran workforce in America today \u2014 saw their unemployment rate drop from 5.2% in January to 3% in March.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Veterans of the first Gulf War era \u2014 who make up another 28% of the veteran workforce \u2014 posted an unemployment rate of 1.4%, the third time in the last four months that group\u2019s mark has been under 2%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The national unemployment rate has also decreased steadily over the last year. In March 2021, the rate sat at 6%. By February of this year, it was down to 3.8%. Last month, it fell again, to 3.6%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BLS officials said the national economy added 431,000 new jobs last month. In a statement, President Joe Biden praised the jobs news.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis is a historic recovery \u2014 Americans are back at work,\u201d he said.<\/p>\n\n\n\t<aside class=\"smg-interstitial-link wp-block-smg-interstitial-link\">\n\t\t<a href=\"https:\/\/one.sightlinemg.com\/militarytimes\/education-transition\/2022\/02\/02\/400m-va-program-to-help-covid-unemployed-vets-has-produced-few-new-jobs\/\" class=\"smg-interstitial-link__inner\">\n\t\t\t\t\t\t\t<div class=\"smg-interstitial-link__media\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"225\" src=\"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/AP21142425631365.jpg.jpg?w=300\" class=\"smg-interstitial-link__image wp-post-image\" alt=\"\" \/>\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"smg-interstitial-link__content\">\n\t\t\t\t<span class=\"smg-interstitial-link__kicker\">Related<\/span>\n\t\t\t\t<h3 class=\"smg-interstitial-link__title\">$400M VA program to help COVID-unemployed vets has produced few new jobs<\/h3>\n\t\t\t\t\t\t\t\t\t<p class=\"smg-interstitial-link__excerpt\">VA&#039;s rapid retraining program has helped just a small fraction of the veterans that officials expected.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/aside>\n\t\n\n\n<p class=\"wp-block-paragraph\">Although veterans employment has generally outperformed the national jobless figures, lawmakers have introduced numerous jobs programs in recent years targeting former military members out of concern that their transition to civilian life could be more complicated than their non-military peers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the White House\u2019s fiscal 2023 budget request unveiled this week, administration officials said they would ask for a $31 million boost in spending for <a href=\"https:\/\/www.militarytimes.com\/education-transition\/2022\/03\/24\/lawmakers-question-if-vet-entrepreneurs-are-getting-enough-help-to-start-new-businesses\/\" target=\"_blank\">entrepreneurial development programs<\/a> targeting veterans, women and minorities to ensure they have \u201caccess to counseling, training, and mentoring services.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">About half of the 18 million veterans living in America today are in the labor force. The others are either too old or injured to work, or unable to find steady employment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>About 8.7 million veterans reported steady employment in March, up more than 200,000 from a year ago.<\/p>\n","protected":false},"author":7,"featured_media":89966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_canonical":"","_acf":"","_yoast_wpseo_primary_category":12,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_smg_distribution_targets":[]},"categories":[101,12,24,89,26,21],"tags":[],"coauthors":[3328],"class_list":["post-49727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news-roundup","category-education-transition","category-home","category-middle-column","category-newsletters","category-veterans"],"acf":{"subheadline":"","legacy_arc_id":"XQBBZTIZEZHZHI62VWBZQNFN6E","arc_canonical_url":"\/education-transition\/2022\/04\/01\/veterans-unemployment-drops-to-lowest-level-in-three-years\/","remove_feature_photo":false,"is_sponsored":false,"subtype":"","redirect_url":"","disable_inline_ads":false,"native_logo_pretext":"Presented 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