2023 Employment Situation of Veterans — 2024-03-20

The unemployment rate for veterans who served on active duty in the U.S. Armed Forces at any time since September 2001--a group referred to as Gulf War-era II veterans--was little changed at 3.3 percent in 2023 and the rate for all veterans was unchanged at 2.8 percent, the U.S. Bureau of Labor Statistics reported today. In August 2023, 46 percent of Gulf War-era II veterans had a service-connected disability, compared with 30 percent of all veterans. This information was obtained from the Current Population Survey (CPS), a monthly sample survey of about 60,000 eligible households that provides data on employment, unemployment, and persons not in the labor force in the United States. Data about veterans are collected monthly in the CPS; these monthly data are the source of the 2023 annual averages presented in this news release.