2015 VI Labor Force Estimates


Employment Situation: June 2015 [Historical Data]

The month of June 2015 unemployment rate decreased to 12.1 percent.   Signals indicate that there were increases in jobs being added in the field of government trade, transportation and utilities. However accommodation and food services, professional and business services showed little or no lost. The St. Thomas/ John district, unemployment rate slightly increased to 11.3 percent, up (+0.6) based on the lowered number of unemployed and increased by (+0.6) from last month. The employment change for June was in at (64). St. Croix’s unemployment rate decreased by (-0.9) percent from May to 13.1 percent.
 
Over the year data, for the month of June indicates a minor decrease of (-4.3) percent in the labor force count of 48,631 as compared to 50,839 in June 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 decreased by (-707) which marked a (-3.5) percent change from 20,074 in June 2014, to 19,367 in the current period. This change was a (-643) decrease in the unemployed count of 2,927 for June 2015. The St. Thomas/John area employment decreased at (-3.5) to 23,362 compared to 24,214 in June of 2014. The unemployment count in this district decreased by (-0.2) percent or (-6) and ended at 2,975 in June 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: June 2015 [Employment Statistics]

Total nonfarm payroll employment in the Virgin Islands rose by 39 to 37,784 in June. The improvement from May reflected job openings only in the public sector of the economy.

Government increased by 39 over the month, due to seasonal gains. On the other hand, employment in the private sector remained stable at 27,052, as job gains counterbalanced job losses.

In comparison with June 2014, nonfarm payroll employment remained flat, as job increases by private employers (+40) outweighed reductions in the public sector (-37).
 
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.