NAHB: Veteran Employment in Construction Increases in 2022

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.

Source: National Association of Home Builders