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Military Times | Veterans unemployment saw another big drop in May
The veterans unemployment rate dropped sharply last month to 4.1 percent, the lowest level it has been since the start of the ongoing coronavirus pandemic, according to Bureau of Labor Statistics data released Friday.
The May 2021 rate is down from the 5.2 percent estimate for a month earlier and matches the unemployment estimate from March 2020, the first month of partial business closures and layoffs due to coronavirus prevention restrictions. The jobless rate spiked to 11.7 percent a month later in April 2020, and has steadily declined over the last 13 months. |
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