Veteran unemployment rates fall to record low in October

- The unemployment rate for military veterans in October reached a low of just 2.7 percent, continuing a long-term downward trend in unemployment among members of the U.S. Armed Services.

Mirroring October’s overall drop in unemployment, the Bureau of Labor Statistics reported that the improved numbers offset a decline in September that largely reflected the impact of Hurricanes Irma and Harvey in Florida and Texas.

While the unemployment rate for veterans only dropped 0.3 percent between September and October, the rate was down from 4.3 percent in October 2016 and from almost 10 percent in 2010.

For veterans of the wars in Iraq and Afghanistan – referred to as post-9/11 veterans – the unemployment rate was 3.6 percent, compared to 4.7 percent in October 2016, and 10.2 percent in 2009.

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