Veteran Employment in Construction Increases in 2022
![Veteran Employment Chart](/-/media/NAHB/blog/1600x900-images/veteran-employment-chart-2022.jpg?rev=4db385ff18b140cf9b61d2583fec9441&h=726&w=1290&la=en&hash=B389BD31025A262C580EBD349C3ABB28)
According to the latest Employment Situation of Veterans report released by the U.S. Bureau of Labor Statistics, the share of employed veterans working in the construction industry increased to 6.5% in 2022 — the second consecutive annual increase. The share has climbed 0.6% since 2020 and is just one-tenth lower than the most recent peak reached in 2019.
“Management, business, and financial operations” and “professional and related” occupations constituted the largest share of veterans’ occupations, accounting for 43.3% of employment. Construction and extraction jobs made up 5.8% of the total.
The unemployment rate for all veterans declined from 4.4% in 2021 to 2.8% in 2022.
David Logan, director of tax and trade policy analysis at NAHB, provides more in this Eye on Housing post.