State vet unemployment rate drops

The 2014 unemployment rate in Wisconsin for military veterans plummeted by 3.5 percent – the fifth highest drop in the nation – to 4.1 percent and is tied for the 12th lowest rate in the country, according to data published today by U.S. Bureau of Labor Statistics (BLS).

The annual average unemployment rate for all veterans 18 years of age and older was lower in Wisconsin than all neighboring states and most other Midwest states. Wisconsin’s rate was also well below the national rate of 5.3 percent, according to the BLS report.

“Today’s report by the federal government shows the employment and labor force of veterans grew in 2014 over 2013, and the number of unemployed veterans declined,” state Department of Workforce Development (DWD) Secretary Reggie Newson said in a press release announcing the numbers. “We owe so much to our veterans for their sacrifices to protect our nation’s freedom and independence, and we are pleased to see Wisconsin veterans are gaining employment to support themselves and their families.”

The state’s veteran unemployment rate declined every year since reaching 9 percent in 2010.

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