Veteran Unemployment Reaches Lowest Point Since 2008 - Task & Purpose

Veteran Unemployment Reaches Lowest Point Since 2008

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Army Reserve Soldiers and competitors listen to a class on rifle marksmanship before the inaugural Army Reserve Small Arms Championship hosted at Camp Robinson, Arkansas, Sept. 22.

Army Reserve Soldiers and competitors listen to a class on rifle marksmanship before the inaugural Army Reserve Small Arms Championship hosted at Camp Robinson, Arkansas, Sept. 22.

The unemployment rate among veterans has decreased for the fourth consecutive year, with 2014 seeing a 5.3% unemployment rate, a decrease of 1.3% from 2013, making this last fiscal year the lowest since 2008. Further, roughly one-third of new federal government hires in the last fiscal year were veterans, according to a report from the Office of Personnel Management. This is up from 31% from 2013, and the highest percentage in more than five years since the veterans employment initiative began in 2009.