The overall veteran unemployment rate decreased to 3.6% in August, despite reports indicating new hires dropped by more than 860,000. This differs from July as COVID-19 cases increased due to the Delta variant surge.
“Clearly, we have more work to do… It’s going to be a longer-term recovery… We need to get these infection rates down,” Labor Secretary Marty Walsh said on MSNBC of the Bureau of Labor Statistics’ monthly employment report.
President Biden mentioned he’s been “hoping for a higher number” of new hires. However, he says many people remain unvaccinated, which is creating “unease in our economy.”
Biden spoke on this subject before leaving to survey the damage from Hurricane Ida. Many argue that last week has been the worst week of his presidency. From the U.S. military’s turbulent withdrawal from Afghanistan, the Delta variant surge, and rampaging wildfires in the West. Not to mention, the fatal hurricane flooding across the Northeast and Southeast, and challenges to the Roe v. Wade abortion-rights decision.
The bureau stated the economy added 235,000 new jobs last month. Although, it fell short of the 720,000 jobs analysts predicted and a considerable drop from the 1.1 million hires in July. In August, the economy had averaged 586,000 new jobs per month this year.
Most of the Bureau of Labor Statistics reports data from the first two weeks of the month and may not have accounted for the Delta variant’s total impact on the economy.
5.6 million people in August stated they had been unable to work due to their employer’s closed or lost business caused by the pandemic.
Advice For Veterans is a FREE informational hub for all things VA-related.
Get The VA Benefits You Deserve
This article is sponsored by Veteran Adviser.
Veteran Adviser, a disabled veteran-owned business dedicated to helping veterans obtain the VA benefits they deserve. The VA system can be difficult for veterans to navigate which leaves many veterans (8/10 to be exact) with disability ratings that do not mirror their conditions. They assist thousands of veterans all over the nation and take pride in their work.
Interested in seeing what other veterans have said about Veteran Adviser? You can check out their Google reviews!