2015 VI Labor Force Estimates


Employment Situation: April 2015 [Historical Data]

The month of April 2015 unemployment rate slightly showed a slight increase of 11.9 percent.   Signals indicate that there was minimum fluctuation in jobs being added in the field of education and health services, leisure and hospitality, professional and business services, and other services. However government and trade, transportation and utilities showed significant losses; also factoring new jobs, as well as changes in the seasonality of our job market. The St. Thomas/ John district, unemployment rate slightly increased to 10.5 percent, up (+0.2) based on the lowered number of unemployed and increased by (+0.2) from last month. The total employment count for April was in at (-98). St. Croix’s unemployment rate increased by (+0.2) percent from March to 13.6 percent.

Over the year data, for the month of April indicates a minor increase of -4.7 percent in the labor force count of 48,579 as compared to 50,971 in April 2014. This decline continues to show individuals disperse from the labor market, based on the decline in job demand compared to supply over the period. The employment count in St. Croix was increased by -1,560 which marked a -7.4 percent change from 20,954 in April 2014, to 19,394 in the current period. This change was a 77 545 decrease in the unemployed count of 3,058for April 2015. The St. Thomas/John area employment remain constant at -7.4 to 23,395 compared to 25,275 in April of 2014. The unemployment count in this district decreased by (+22.6) percent or 503 and ended at 2,229 in April 2015. The labor market continues to ride the waves of a volatile employment cycle, which to a large degree is influenced by global economic trends coupled with factors affecting the demand for labor.                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                       

Nonfarm Wage and Salary Employment: April 2015 [Employment Statistics]

A monthly survey of business establishments revealed that nonfarm payroll employment fell by 86 in April to 37,838. The majority of the cutback was among the service-providers.

The service-providing sector dropped by 67 reflecting losses in trade, transportation, and utilities (-60) and government (-20). Offsetting industry that showed a slight increase was financial activities (+18). Employment in other major service-providing industries, including information, education and health services, professional and business services, leisure and hospitality, and other services, showed little or no change over the month. Jobs in the good producing sector also contracted slightly in April (-19).

Over the year, nonfarm payroll employment decreased by 284. Trade, transportation, and utilities was down by 220. Other services lost 188 jobs. Government workforce was reduced by 108 and leisure and hospitality (-59), financial activities (-29), and manufacturing (-28) were also down. Only construction (+293), education and health services (+36) and professional and business services (+28) posted an over-the-year advance.
 
Note: Employment includes non agricultural wage and salary employment. Data has not been benchmarked. Labor force is comprised of persons 16 and older who show up in our unemployment insurance wage data working full time or part time and actively seeking employment through VIDOL. This data set is not comparable with labor force estimates developed as part of the national cooperative program. Virgin Islands estimates reflect the use of prescribed BLS methodology but are not adjusted to an independent estimate provided through the CPS (Current Population Survey).
Source: Virgin Islands Department of Labor unemployment insurance claims data and the current employment statistics monthly survey of establishments.
Prepared by: VIDOL Bureau of Labor Statistics.

 


 
 
 
 

 
 
 
 
 
 
 

Labor Force Estimates (Unadjusted) provides a comprehensive body of data on the: labor force, employment, unemployment. This data is produced on a monthly basis. The labor force is comprised of persons 16 and older who show up in our unemployment insurance wage data working full time or part time and actively seeking employment through VIDOL. This data set is not comparable with labor force estimates developed as part of the national cooperative program. Virgin Islands estimates reflect the use of prescribed BLS methodology but are not adjusted to an independent estimate provided through the CPS (Current Population Survey).Source: Virgin Islands Department of Labor unemployment insurance claims data and the current employment statistics monthly survey of establishments.