2015 VI Labor Force Estimates


Employment Situation: October 2016 [Historical Data]

October 2016 unemployment rate showed a slight decrease of 11.4 percent compared to 11.5 percent from the previous month. Signals indicate that there was an increase in jobs, in the fields of Education and health services, Trade, Transport and Utilities, Professional and Business services, leisure and hospitality. St. Thomas/ John district unemployment rate decreased to 11.9 percent, down (-0.2) based on the lowered number of unemployed from last month. St. Croix’s unemployment rate remain flat at 10.7 percent from September of 2016.
 
Over the year data, for the month of October indicates a decrease of (-305) percent in the labor force count of 48,188 as compared to 49,933 in October 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 (-204) which marked a (-1.0) percent change from 19,566 in October 2015, to 19,362 in the current period. This change was a (-1,462) decrease in the unemployed count of 2,309 for October 2016. The St. Thomas/John area employment decreased at (-1.0) to 23,355 compared to 23,602 in October of 2015. The unemployment count in this district increased by (+5.6) percent or (+168) and ended at 3,162 in October 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: October 2016 [Employment Statistics]

Total nonfarm payroll employment in the Virgin Islands rose by 89 to 37,783 in October. Job gains were only in the private sector of the economy.

Within the private sector, trade, transportation, and utilities led with the largest increase (+34), followed by professional and business services (+32). Smaller increases were reported for leisure and hospitality (+27), education and health services (+18) and other services (+16). Providing some offset to the monthly increase, construction and manufacturing decline by 20 and 19 respectively. Employment in other major industries, including financial activities, government, and information, showed little or no change over the month.

Annually, nonfarm payroll employment rose by 852 or 2.3 percent. With the exception of information (-44), all other industry divisions reflected advances. Leisure and hospitality (+370), trade, transportation, and utilities (+174), other services (+121) and construction (+82) posted the largest increases. Furthermore, smaller increases in government (+57), education and health services (+52) and professional and business services (+37) 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) 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.