{"id":73972,"date":"2023-05-08T17:25:14","date_gmt":"2023-05-08T17:25:14","guid":{"rendered":"https:\/\/one.sightlinemg.com\/navytimes\/uncategorized\/2023\/05\/08\/veterans-unemployment-is-at-historic-lows-can-it-last\/"},"modified":"2026-08-08T15:00:25","modified_gmt":"2026-08-08T15:00:25","slug":"veterans-unemployment-is-at-historic-lows-can-it-last","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/navytimes\/education-transition\/2023\/05\/08\/veterans-unemployment-is-at-historic-lows-can-it-last\/","title":{"rendered":"Veterans unemployment is at historic lows. Can it last?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Years of focus on finding post-military jobs for service members have helped push the <a href=\"https:\/\/www.militarytimes.com\/education-transition\/2023\/02\/03\/vets-unemployment-improves-national-jobless-rate-lowest-since-1969\/\" target=\"_blank\">veterans unemployment rate to historic lows<\/a>. Now, the biggest obstacle to veterans finding jobs may be Congress itself, if the debt-ceiling budget fight leads to a gut-punch for the U.S. economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Officials from the <a href=\"https:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\" target=\"_blank\">Bureau of Labor Statistics<\/a> announced on Friday that the veterans unemployment rate fell to 2.1% in April, the lowest mark since the start of 2000, when the agency began tracking monthly unemployment for the group.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Four of the five lowest monthly veterans unemployment rates recorded in the last 23 years have come since early 2022. The veterans jobless rate has been at least 1% lower than the national rate each of the last three months. The country\u2019s unemployment estimate for April was 3.4%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIt\u2019s hard to see this as anything but great news,\u201d said Jeff Wenger, senior economist for the RAND Corporation. \u201cUnemployment is falling for all groups in America, but it\u2019s falling even faster for veterans. The country really focused on this for years, and now we\u2019re winning.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That focus has included years of improvements to the military\u2019s transition programs, boosted funding for Veterans Affairs\u2019 job assistance efforts, and a concentrated drumbeat from congressional lawmakers about the value of hiring veterans.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Three years ago, at the start of <a href=\"https:\/\/www.militarytimes.com\/news\/coronavirus\/\" target=\"_blank\">the COVID-19 pandemic<\/a> in America, more than 1 million veterans in the United States were collecting unemployment benefits. Last month, that number was about 184,000 individuals.<\/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\/03\/12\/how-companies-seek-out-veterans-for-employment\/\" 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=\"213\" src=\"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/Hiring.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\">How companies seek out veterans for employment<\/h3>\n\t\t\t\t\t\t\t\t\t<p class=\"smg-interstitial-link__excerpt\">A look at how companies hire veterans.<\/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\">\u201cIn a lot of ways, we\u2019ve seen a full reversal of the \u2018broken veteran\u2019 narrative,\u201d Wenger said. \u201cToday, instead of seeing veterans as not employable, we\u2019re seeing companies really seek them out.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But in a twist, Congress\u2019 current fight over the country\u2019s debt ceiling may threaten that positive veterans employment news. Last month, analysts from <a href=\"https:\/\/www.brookings.edu\/2023\/04\/24\/how-worried-should-we-be-if-the-debt-ceiling-isnt-lifted\/\" target=\"_blank\">the Brookings Institution <\/a>warned that even with a short-term default \u201cthe economy is likely to suffer sustained \u2014 and completely avoidable \u2014 damage.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A politically-based recession brought on by the effects of a national credit default could hit industries with high populations of veteran employees.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWhen we\u2019ve seen the technology sector layoffs in recent months, that\u2019s an industry that doesn\u2019t really have as many veterans, so the effects have been minimal,\u201d said Rosalinda Maury, director of applied research at the Institute of Veterans and Military Families at Syracuse University.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cBut industries like leisure, hospitality and retail, those are ones that could really hurt veterans if there are economic issues during the summer.\u201d<\/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\/news\/pentagon-congress\/2023\/05\/04\/support-services-for-homeless-veterans-set-to-expire-next-week\/\" 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=\"200\" src=\"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/AP17339773781800.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\">Support services for homeless veterans set to expire<\/h3>\n\t\t\t\t\t\t\t\t\t<p class=\"smg-interstitial-link__excerpt\">Aid programs for homeless vets will end unless Congress speeds through new legislation.<\/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\">Cutbacks to transportation jobs brought on by slower corporate growth or cutbacks would also significantly impact veterans. About one in every 13 working veterans in America today has a job in that industry. For non-veterans, it\u2019s about one in every 20 workers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, Maury said the biggest potential impact would be if a debt ceiling default caused issues with federal and state government hiring, or forced furloughs of those workers. Nearly one-fourth of all veterans have jobs in federal or local government posts, well above the 13% rate for non-veterans.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Wenger said if such a situation arises, the government jobs issues are likely to be only a temporary problem, unless the political showdown drags on for months. In that case, veterans unemployment is likely to increase as national unemployment rates also rise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIt\u2019s hard to be too doom and gloom right now on veterans employment,\u201d he said. \u201cBut we have to see what happens next.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Congressional leaders are scheduled to meet with President Joe Biden on Tuesday to discuss solutions for the debt ceiling impasse. The May unemployment numbers for veterans are due out on June 2, around the same date that Federal Reserve officials have warned the country may hit the debt limit and start seeing economic side effects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Officials said about 184,000 vets couldn&#8217;t find work last month, the lowest total in at least 23 years.<\/p>\n","protected":false},"author":7,"featured_media":62012,"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":7,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_smg_distribution_targets":[]},"categories":[101,7,23,89,12,26,62,19],"tags":[],"coauthors":[3222],"class_list":["post-73972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news-roundup","category-education-transition","category-home","category-middle-column","category-news","category-newsletters","category-pentagon-congress","category-veterans"],"acf":{"subheadline":"","legacy_arc_id":"F6YBRR33WBAXPK62DABCKPYYGI","arc_canonical_url":"\/education-transition\/2023\/05\/08\/veterans-unemployment-is-at-historic-lows-can-it-last\/","remove_feature_photo":false,"is_sponsored":false,"subtype":"","redirect_url":"","disable_inline_ads":false,"native_logo_pretext":"Presented By:"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Veterans unemployment is at historic lows. 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