2017 VI Labor Force Estimates Unemployment Rates Archive


Employment Situation: June 2017 [Historical Data]

In June of 2017 unemployment rate showed an increase of 10.6 percent compared to 10.2 percent from the previous month. Signals indicate that there was a decrease in jobs, in the fields Education and Health Services, and education and health services. St. Thomas/ John district unemployment rate increased to 9.9 percent, down (-0.4) based on the lowered number of unemployed from last month. St. Croix’s unemployment rate showed an increased at 11.6 percent from May of 2017.

Over the year data, for the month of June indicates a decrease of (-4.6) percent in the labor force count of 48,511 as compared to 50,839 in June 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 (-1,920) which marked a (-9.2) percent change from 20,074 in June 2016, to 18,154 in the current period. This change showed a (-1,180) decrease in the unemployed count of 2,390 for June 2017. The St. Thomas/John area employment increased at (4.1) to 25,206 compared to 24,214 in June of 2016. The unemployment count in this district decreased by (-7.4) percent or (-220) and ended at 2,761 in June 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: June 2017 [Employment Statistics]

Total nonfarm payroll employment in the Virgin Islands declined from 38,456 to 38351 in June. The loss of 105 jobs reflected reductions primarily in the service-providing sector of the economy.

Government fell by 62 over the month, due to the phasing out of temporary placements at the University of the Virgin Islands. Smaller cuts were reported for trade, transportation, and utilities (-35) and education and health services (-12). Offsetting industry was leisure and hospitality (+16). Employment in other major industries, including manufacturing, construction, financial activities, professional and business services, information, and other services, showed little or no change over the month.

Nonfarm payroll employment dropped by 76 jobs over the 12-month comparison period. Gains in education and health services (+157), other services (+98), government (+66), leisure and hospitality (+53) and information (+24) were not sufficient to compensate for job losses in remaining industries of the Virgin Islands labor market.


 
 
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.