2017 VI Labor Force Estimates Unemployment Rates Archive


Employment Situation: March 2017 [Historical Data]

March 2017 unemployment rate showed a slight decrease of 10.4 percent compared to 10.5 percent from the previous month. Signals indicate that there was an increase in jobs, in the fields of Government, Information and financial activities. St. Thomas/ John district unemployment rate decreased to 9.7 percent, down (-0.3) based on the lowered number of unemployed from last month. St. Croix’s unemployment rate showed an increase at 11.4 percent from February of 2017.
 
Over the year data, for the month of March indicates a decrease of (-4.1) percent in the labor force count of 48,771 as compared to 50,869 in March 2016. This decline continues to show individuals dispersed from the labor market, based on the decline in job demand compared to supply over the period. The employment count in St. Croix decreased by (-2,697) which marked a (-12.8) percent change from 20,990 in March 2016, to 18,293 in the current period. This change was a (-18) increase in the unemployed count of 2,355 for March 2017. The St. Thomas/John area employment decreased at (0.3) to 25,399 compared to 25,319 in March of 2016. The unemployment count in this district increased by (+24.6) percent or (+537) and ended at 2,724 in March 2016. 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: March 2017 [Employment Statistics]

Total nonfarm payroll employment in the Virgin Islands rose by 71 to 38,646. The improvement from February reflected job gains mainly in the public sector of the economy.

Government moved up by 57 to 11,003. The only major industries in the private sector showing any hiring strength over the month were information (+30) and financial activities (+16). Offsetting industry was trade, transportation, and utilities (-32). Employment in other major industries, including leisure and hospitality, education and health services, manufacturing, professional and business services, construction, and other services, showed little or no change over the month.

Compared to March of last year, nonfarm payroll employment dropped by 51. The drop stemmed from a decline of 362 in the private sector which outweighed a gain in the public sector (+311).


 
 
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) pprovides 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.