2015 VI Labor Force Estimates


Employment Situation: May 2016 [Historical Data]

May 2016 unemployment rate showed a slight decrease to 10.9 percent compared to 11.1 from the previous month. Signals indicate that there was an increase in jobs being added in the fields of, Health services, trade, transport, and utilities, professional and business services, construction and other services. St. Thomas/ John district, unemployment rate decreased to 10.8 percent, down (-0.2) based on the lowered number of unemployed from last month. St. Croix’s unemployment rate has decreased to 11.0 percent from April of 2016.
 
Over the year data, for the month of May indicates a decrease of (-4.8) percent in the labor force count of 48,235 as compared to 50,649 in May 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 (-674) which marked a (-3.3) percent change from 20,157 in May 2015, to 19,483 in the current period. This change was a (-754) decrease in the unemployed count of 2,405 for May 2016. The St. Thomas/John area employment decreased at (-3.3) to 23,501 compared to 24,314 in May of 2015. The unemployment count in this district decreased by (-5.7) percent or (-173) and ended at 2,846 in May 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: May 2016 [Employment Statistics]

Total nonfarm payroll employment in the Virgin Islands rose by 112 to 38,012 in May. Job gains were only in the private sector of the economy.

Within the private sector, construction led with the largest increase (+39), followed by professional and business services (+31) and other services (+30). Smaller increases were reported for education and health services (+25) and trade, transportation, and utilities (+23). Providing some offset to the monthly increase, government decline by 46, due to the phasing out of temporary placements at the University of the Virgin Islands. Employment in other major industries, including financial activities, leisure and hospitality, manufacturing, and information, showed little or no change over the month.

Comparison with year-ago data reveals a gain of 174 in total nonfarm payroll employment. Service-providing employment moved up by 106 in the twelve-month evaluation. Gains in government (+151), other services (+117) and professional and business services (+41) outweighed decreases in financial activities (-97), information (-48), trade, transportation, and utilities (-36) and leisure and hospitality (-36). On the goods producing side, the job count rose by 68. An increase in construction (+78) offset a drop in manufacturing (-10).


          
 
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.