2017 VI Labor Force Estimates Unemployment Rates Archive


Employment Situation: July 2017 [Historical Data]

In July of 2017 unemployment rate showed a decrease of 10.0 percent compared to 10.6 percent from the previous month. Signals indicate that there was an increase in jobs, in the Government sector.St. Thomas/ John district unemployment rate decreased to 9.1 percent, down (-0.8) based on the lowered number of unemployed from last month. St. Croix’s unemployment rate showed a decreased at 11.3 percent from June of 2017.
 
Over the year data, for the month of July indicates a decrease of (-4.5) percent in the labor force count of 48,548 as compared to 50,840 in July 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 (-1,718) which marked a (-8.6) percent change from 20,009 in July 2016, to 18,291 in the current period. This change showed a (-1,449) decrease in the unemployed count of 2,330 for July 2017. The St. Thomas/John area employment increased at (5.2) to 25,396 compared to 24,137 in July of 2016. The unemployment count in this district decreased by (-13.2) percent or (-384) and ended at 2,531 in July 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: July 2017 [Employment Statistics]

Total nonfarm payroll employment in the Virgin Islands increased in July by 292 to 38,641. Seasonal gains in government (+375), due to summer programs, far outweighed losses in the private sector.

Over the month, labor demand in private industries receded by 83 to 27,474. Education and health services led the declines with a loss of 38 jobs, most of which were in private schools. Trade, transportation, and utilities posted the next largest drop (-28), reflecting fewer transit workers on St. Croix. In addition, construction scaled down by 21. Employment in other major industries, including financial activities, manufacturing, other services, leisure and hospitality, and information, showed little or no changed in July.

Compared to the same period last year, nonfarm payroll employment rose by 370 or 1.0 percent. With the exception of construction (-61), financial activities (-32) and manufacturing (-29), all other industry divisions reflected advances. Government (+193), education and health services (+98), leisure and hospitality (+66) and other services (+66) posted the largest increases. Furthermore, smaller increases in trade, transportation, and utilities (+48) and information (+22) also contributed to the strength of the economy.

 
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.