Veteran Unemployment Up to Nearly 12 Percent Amid Coronavirus CrisisMay 8, 2020 | :
by Leo Shane III
More than 1 million veterans filed for jobless benefits last month, according to the Bureau of Labor Statistics. At 11.7 percent, the unemployment rate for veterans was two points higher than its peak during the 2008 recession, and nearly triple the reported level just two months ago (3.5 percent in March).
Younger veterans seeking jobs were hit even harder last month. Federal researchers reported a 13 percent unemployment rate for veterans of the post-9/11 era. Nearly half of all unemployed veterans in America left the service in the last two decades.
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