September Job Growth Boosts Employment for Military Veterans

The most recent report from the Bureau of Labor Statistics of the Labor Department suggests that military veterans have experienced a substantial increase in employment statistics in the context of a robust national job market. The overall unemployment rate was reduced from **4.2%** to **4.1%** in September, as the economy added **254,000 jobs**, surpassing expectations. It is important to note that the unemployment rate for veterans experienced a significant decrease from **3.5% in August to 2.7%** in September, an impressive improvement for this demographic.

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The encouraging figures were praised by Nela Richardson, chief economist at Automatic Data Processing, during a Marketplace segment. She stated, "People are finding jobs; 254,000 is way more than economists or market workers were looking for." She underscored the significance of this expansion in the wake of a summer where recruiting was lackluster.

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In 2023, the average unemployment rate for U.S. veterans is **2.8%**, the lowest level since 2000, according to the report. Among these, the unemployment rate for female veterans decreased from **7% in August to 4.3% in September**, while veterans who served after September 11 saw their rate decrease from **3.5% to 2.5%**.

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The hiring trends were consistent across a variety of sectors, such as construction, government, healthcare, and culinary services. These figures underscore a positive trend for veterans and the overall employment market resilience in anticipation of the forthcoming elections as the economy recovers. The subsequent employment report is scheduled for November 1.

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