2015 VI Labor Force Estimates


Employment Situation: November 2016 [Historical Data]

November 2016 unemployment rate showed a decrease of 10.9 percent compared to 11.4 percent from the previous month. Signals indicate that there was an increase in jobs, in the fields of Accommodations, Education and health services, Trade, Transport and Utilities. St. Thomas/ John district unemployment rate decreased to 10.9 percent, down (-1.0) based on the lowered number of unemployed from last month. St. Croix’s unemployment rate showed a slight increase at 10.9 percent from October of 2016.
 
Over the year data, for the month of November indicates a decrease of (-3.9) percent in the labor force count of 48,191 as compared to 50,127 in November 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 (-303) which marked a (-1.5) percent change from 19,774 in November 2015, to 19,471 in the current period. This change was a (-1,435) decrease in the unemployed count of 2,372 for November 2016. The St. Thomas/John area employment decreased at (-1.5) to 23,487 compared to 23,853 in November of 2015. The unemployment count in this district increased by (+6.2) percent or (+168) and ended at 2,861 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: November 2016 [Employment Statistics]

Total nonfarm payroll employment in the Virgin Islands rose in November to 37,999, an increase of 278 jobs. Stepped-up hiring mainly in leisure and hospitality provided the major stimulant for the November increase.

Leisure and hospitality posted an increase of 276 jobs, as more hirings were registered primarily in accommodation. Trade, transportation, and utilities rose by 24 to 8,179. Offsetting industry was professional and business services (-28). Employment in other major industries, including education and health services, financial activities, government, manufacturing, construction, information, and other services, showed little or no change in November.

Comparison with year-ago data reveals a gain of 456 in total nonfarm payroll employment. The service-providing sector employment moved up by 374 in the twelve-month evaluation. Gains in leisure and hospitality (+212), trade, transportation, and utilities (+128), other services (+101) and education and health services (+60) outweighed declines in government (-107) and information (-29). On the goods producing side, the job count increased by 82. Construction employment rose by 63 to 1,514 accompanied by a slight gain in manufacturing (+19).


          
 
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.