Page 53 - Vets-Guide

18 and 34 and 35 percent were between 55 and 64) Labor force participation of veterans was close to that of the nonveteran population, but the percentage of unemployment was much less—7 7 percent compared to 9 6 percent
Historically, veterans in New
Mexico have fared better than
the general population with
respect to nding employment
Veteran unemployment was
as low as 3 3 percent in 2007,
prior to the recession Just like
the general population, veteran
employment spiked in 2009
Unemployment accelerated
much more quickly for veterans,
increasing from 4 0 percent to 8 3 percent e spike, how- ever, was followed by quicker declines
e unemployment rate does not always tell the whole story when it comes to how veterans, or any labor force group, have been impacted by the recession Labor force participation is another indicator of how employment has changed for a speci c group within the labor force Labor force participation of veterans dropped signi cantly between 2008
and 2009, mirroring the spike in unemployment Between 2009 and 2010, however, veteran labor force participation increased slightly, while participation in the general population continued to decline And while veterans have seen improvement in employment a er 2009, unemployment is still high and labor fos important to continue to focus on job creation for and hiring of New Mexico veterans in the public and private sectors
Population
ToTal 1,263,989
Nonveteran 1,153,584 Veteran 110,405
Total 1,220,024
Nonveteran 1,119,764 Veteran 100,260
Total 1,211,893
Nonveteran 1,107,395 Veteran 104,498
Total 1,212,766
Nonveteran 1,100,993 Veteran 111,773
Number
906,873
827,517 79,356
902,085
830,595 71,490
905,690
827,027 78,663
884,663
801,976 82,687
LABOR FORCE
Participation
71.7%
71.7% 71.9%
73.9%
74.2% 71.3%
74.7%
74.7% 75.3%
72.9%
72.8% 74.0%
Employed
821,403
748,143 73,260
822,891
757,318 65,573
852,565
777,046 75,519
836,764
756,826 79,938
Unemployed
Unemployment Rate
VETERAN EMPLOYMENT IN NEW MEXICO, 2007 - 2010 Labor Force Statistics for Persons between 18 and 64
Source: U.S. Census Bureau, American Fact Finder Survey 1-Year estimates, B21005: Age by Veteran Status by Employment Status for the Civilian Population 18 to 64.
85,470 9.4%
79,374 9.6% 6,096 7.7%
79,194 8.8%
73,277 8.8% 5,917 8.3%
53,125 5.9%
49,981 6.0% 3,144 4.0%
47,899 5.4%
45,150 5.6% 2,749 3.3%
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2007 2008 2009 2010