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Friday, November 2, 2012

Unemployment Up in October for Post-9/11 Veterans: Now 10 Percent | CNSNews.com

Unemployment Up in October for Post-9/11 Veterans: Now 10 Percent | CNSNews.com (CNSNews.com) -- The unemployment rate for post-9/11 veterans was 10 percent in October, an increase from 9.7 percent in September, according to the Job Situation Summary from the Bureau of Labor Statistics (BLS) released today. The non-seasonally adjusted statistics for veterans over 18 indicated there were 209,000 unemployed post-9/11 veterans in October, which was an increase from 202,000 in September. The BLS classifies post-9/11 veterans as “Gulf War Era II” veterans, which includes anyone who served on active duty in the U.S. military following September 11, 2001. Among male post-9/11 veterans, the unemployment rate climbed from 8 percent to 9.2 percent. This was also 1.7 percent higher than the non-seasonally adjusted rate for non-veteran males over 18, which was 7.5 percent. The post-9/11 veteran female unemployment rate for October was 15.5 percent, which was a decrease from 19.9 percent in September. This was the highest unemployment rate among all veteran demographics. The same non-seasonally adjusted number for female non-veterans over 18 was 7.4 percent, an 8.1 percent difference. The labor participation rate among the post-9/11 veteran population also increased in October, going from 82.1 to 82.8 percent.

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