2015 VI Labor Force Estimates


Employment Situation: July 2016 [Historical Data]

July 2016 unemployment rate showed a decrease of 9.9 percent compared to 11.0 from the previous month. Signals indicate that there was an increase in jobs, in the fields of information, financial activities, manufacturing, professional and business services, and government.  St. Thomas/ John district unemployment rate decreased to 9.6 percent, down (-1.5) based on the lowered number of unemployed from last month. St. Croix’s unemployment rate decreased to 10.2 percent from June of 2016.
 
Over the year data, for the month of July indicates a decrease of (-5.8) percent in the labor force count of 47,897 as compared to 50,840 in July 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 (-441) which marked a (-2.2) percent change from 20,009 in July 2015, to 19,568 in the current period. This change was a (-1,558) decrease in the unemployed count of 2,221 for July 2016. The St. Thomas/John area employment decreased at (-2.2) to 23,605 compared to 24,137in July of 2015. The unemployment count in this district decreased by (-14.1) percent or (-412) and ended at 2,503 in July 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: July 2016 [Employment Statistics]

Total nonfarm payroll employment in the Virgin Islands increased in July by 355 to 38,189. Seasonal gains in government (+449), due to summer programs, far outweighed losses in the private sector.

Over the month, labor demand in private industries receded by 94 to 26,939. Education and health services led the declines with a loss of 36 jobs, most of which were in private schools. Trade, transportation, and utilities posted the next largest drop (-33), reflecting fewer transit workers on St. Croix. Smaller decreases were reported in construction (-20) and leisure and hospitality (-17). Employment in other major industries, including financial activities, manufacturing, professional and business services, information, and other services, showed little or no change in July.

Comparison with year-ago data reveals a gain of 69 in total nonfarm payroll employment. The gain stemmed from an increase of 181 in the public sector which outweighed a loss in the private sector (-112).
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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.