Jobless Rate for Vets Climbs as More Enter MarketApril 10, 2018 | :
by Associated Press
The unemployment rate for recent veterans jumped in November, but for a positive reason.
Many of the veterans decided to begin actively seeking work — and if they didn’t immediately find a job, they were counted as unemployed. A growing perception that opportunities are growing to find work is an encouraging sign for the job market.
The unemployment rate for people who have served in the armed forces anytime since 2001 jumped to 5 percent in March from 3.3 percent in February.
Meanwhile, the jobless rates for Asians and for people of Hispanic ethnicity ticked up slightly. The rate edged lower for younger workers in their early 20s and for those without a high school diploma.
All told, employers added a modest 103,000 jobs in March. The unemployment rate held steady at 4.1 percent.
The data for demographic groups came from a survey of households that is part of the Labor Department’s monthly jobs report.