2015 VI Labor Force Estimates


Employment Situation: December 2015 [Historical Data]

The month of December 2015 unemployment rate showed a decrease to 11.3 percent from 11.4 from the previous month. Signals indicate that there was an increase in jobs being added in the fields of trade, transport and utilities, education and health services, government, construction and also leisure and hospitality. The St. Thomas/ John district, unemployment rate decreased to 11.1 percent, down (-0.4) based on the lowered number of unemployed from last month. The total employment change from November was in at (+217). St. Croix’s unemployment rate has increased by (+0.2) percent from November to 11.5 percent.
 
Over the year data, for the month of December indicates a minor decrease of (-3.2) percent in the labor force count of 48,746 as compared to 50,345 in December 2014. 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 (-194) which marked a (-1.0) percent change from 19,795 in December 2014, to 19,601 in the current period. This change was a (-1,461) decrease in the unemployed count of 2,547 for December 2015. The St. Thomas/John area employment decreased at (-1.0) to 23,644 compared to 23,878 in December of 2014. The unemployment count in this district increased by (+10.9) percent or (+290) and ended at 2,954 in November 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: December 2015 [Employment Statistics]

Total nonfarm payroll employment in the Virgin Islands rose by 154 to 38,249 in December. The improvement from November reflected job gains mainly in the private sector of the economy.

Within the private sector, leisure and hospitality led with the largest increase (+39), followed by trade, transportation, and utilities (+34). Smaller increases were reported for financial activities (+18), education and health services (+18) and construction (+12). Employment in other major industries, including manufacturing, government, professional and business services, other services, and information, showed little change over the month.

Compared to the same period last year, nonfarm payroll employment rose by 181 or 0.5 percent. Private sector employment moved up by 172 while the public sector remained virtually unchanged. Gains in leisure and hospitality (+320) and financial activities (+20) outweighed declines in information (-56), trade, transportation, and utilities (-53), manufacturing (-43) and education and health services (-17).
 
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.