The unemployment rate among veterans just keeps going up – while the national unemployment rate inches downward.
The Labor Department reported Monday that the national unemployment rate dropped 0.4 percent – to a new level of 9.0 in January. But the rate for veterans climbed to 9.9 percent. That’s an increase from 8.3 percent in December.
Joseph Sharpe, director of the economic division for the American Legion, says there are several reasons why the unemployment rate among vets is typically higher than the rate for all Americans.