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NAHB: Veteran Employment in Construction Increases in 2022

General News
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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.

NAHB: Employed Persons Working in the Construction Industry

“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.

Source: National Association of Home Builders