VIeWS

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Virgin Islands Unemployment Rates

2014 VI Labor Force Estimates


Employment Situation: May 2014 [Historical Data]

The unemployment rate remained flat for the month of May 2014 at 13.0 percent. This unemployment rate was affected based on the fact that there is a small growth factor in jobs and unemployment initial claims remaining relatively flat, when compared to the prior period filings. In the St. Thomas/John district, unemployment rates slightly decreased to 11.7 percent, down -0.2 based on the lowered number of unemployed and an increase by 141 from last month, where the total employment count for May was in at 159. St. Croix’s unemployment rate increased by 0.2 percent from April to 14.5 percent.

Over the year data, for the month of May indicates a minor decrease of -7.7 percent in the labor force count of 46,773 as compared to 50,649 in May 2013. This decline continues to show individuals disperse 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 -1710 which marked a -8.5 percent change from 20,157 in May 2013, to 18,447 in the current period. This change was a -34 decrease in the unemployed count of 3,125 for May 2014. The St. Thomas/John area employment was also decreased by -8.5 to 22,251 compared to 24,314 in May of 2014. The unemployment count in this district decreased by -2.3 percent or -69 and ended at 2,950 in May 2013.                                                                                                                                                                                                                                                                                                  
 

Nonfarm Wage and Salary Employment: May 2014 [Employment Statistics]

Based on a monthly survey of Virgin Islands’ business establishments, nonfarm payroll employment dropped by 158 from April 2014 to May 2014. Both the private and public sectors of the economy contributed to the over-the-month decrease.

Within the private sector, leisure and hospitality fell by 46, reflecting seasonal losses mainly in accommodation (-37). In addition, trade, transportation, and utilities and construction edged down by 30 and 22, respectively. Employment in other major private-sector industries, including education and health services, other services, financial activities, professional and business services, manufacturing, and information, showed little or no change over the month. For the month, employment in the public sector dropped by 68 to 10,813 due to the phasing out of temporary placements at the University of the Virgin Islands.

In comparison with May 2013, nonfarm payroll employment decreased by 725. All industry divisions shared in the decline. Trade, transportation, and utilities (-210), government (-189) and other services (-142) were the hardest hit over the year. Construction (-40), financial activities (-40), education and health services (-28), manufacturing (-26), and leisure and hospitality (-23) also added to the total job loss.
 
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.



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