The unemployment rate for veterans approached a record low in October, according to the Bureau of Labor Statistics report released Friday.

In September, the unemployment rate among veterans was 3.4 percent, but the rate has decreased to 2.9 percent in October.

October marked just the second time since 2000 that the rate has dropped below 3 percent. The rate hit a low last October, when it fell to 2.7 percent.

The unemployment rate for post-9/11 veterans also dropped from 3.9 percent last year to 3.1 percent this year. There was a slight rise in unemployment for older veterans.

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The veteran unemployment rate peaked at 9.9 percent in January 2011, but it has been on the decline since.

On Thursday, the Department of U.S. Housing and Urban Development and the Department of Veterans Affairs announced a decline in veteran homelessness as well.

The Bureau of Labor Statistics data showed that the Trump administration added 250,000 jobs in October, and the unemployment rate remains unchanged since September at 3.7 percent.