2015 VI Labor Force Estimates


Employment Situation: June 2016 [Historical Data]

June 2016 unemployment rate showed a slight increase to 11.0 percent compared to 10.9 from the previous month. Signals indicate that there was a decrease in jobs, in the fields of, leisure and hospitality, food services and drinking places and accommodations. However information and financial activities showed an increase in employment for the month of June. St. Thomas/ John district, unemployment rate increased to 11.1 percent, up (0.3) based on the lowered number of unemployed from last month.
St. Croix’s unemployment rate remain consistent at 11.0 percent from May of 2016.
 
Over the year data, for the month of June indicates a decrease of (-5.3) percent in the labor force count of 48,151 as compared to 50,839 in June 2015. 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 was decreased by (-654) which marked a (-3.3) percent change from 20,074 in June 2015, to 19,420 in the current period. This change was a (-1,178) decrease in the unemployed count of 2,392 for June 2016. The St. Thomas/John area employment decreased at (-3.3) to 23,426 compared to 24,214 in June of 2015. The unemployment count in this district decreased by (-2.3) percent or (-68) and ended at 2,913 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 2016 [Employment Statistics]

Total nonfarm payroll employment in the Virgin Islands fell by 37 in June to 37,899. Cutbacks, only in the private sector, were responsible for the monthly decline.

Within the private sector, leisure and hospitality registered the largest cut, falling by 76 to 7,293. The decrease was due to losses in food services and drinking places and accommodation. Providing some offset to the monthly decrease, information and financial activities increased by 32 and 18 respectively. Employment in other major industries, including trade, transportation, and utilities, professional and business services, education and health services, construction, manufacturing, government, and other services, showed little or no change in June.

Compared to June of last year, nonfarm payroll employment dropped slightly by 19. The drop stemmed from a decline of 223 in the private sector which outweighed a gain in the public sector (+204).



          
 
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.