2015 VI Labor Force Estimates


Employment Situation: July 2015 [Historical Data]

The month of July 2015 unemployment rate showed a decrease of 11.8 percent. Signals indicate that there were increases in jobs being added in the field of government. However, leisure and hospitality, financial activities and information showed little lost. The St. Thomas/ John district, unemployment rate decreased to 10.8 percent, down (-0.5) based on the lowered number of unemployed from last month. The total employment change from June was in at (268). St. Croix’s unemployment rate decreased by (-0.1) percent from June to 13.0 percent.
 
Over the year data, for the month of July indicates a minor decrease of (-4.1) percent in the labor force count of 48,787 as compared to 50,840 in July 2014. 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 (-520) which marked a (-2.6) percent change from 20,009 in July 2014, to 19,489 in the current period. This change was a (-874) decrease in the unemployed count of 2,905 for July 2015. The St. Thomas/John area employment increased at (-2.6) to 23,508 compared to 24,137 in July of 2014. The unemployment count in this district decreased by (-2.4) percent or (-70) and ended at 2,845 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 2015 [Employment Statistics]

Total nonfarm payroll employment in the Virgin Islands increased in July by 362 to 38,023. Seasonal gains in government (+485), due to summer programs, far outweighed losses in the private sector.

Over the month, labor demand in private industries receded by 123 to 26,900. Trade, transportation, and utilities posted the largest drop (-92), reflecting fewer transit workers on St. Croix and reduced staffing in tourist-oriented businesses. Smaller decreases were reported in education and health services (-30), manufacturing (-25) and professional and business services (-18). Offsetting industries that showed a slight increase were other services (+16) and construction (+12). Employment in other major industries, including leisure and hospitality, financial activities, and information, showed little or no change in July.

Compared to the same period last year, nonfarm payroll employment rose by 103 or 0.3 percent. With the exception of other services (-163), manufacturing (-47) and financial activities (-46), all other industry divisions reflected advances. Leisure and hospitality (+140), construction (+93) and government (+63) posted the largest increases. Furthermore, smaller increases in trade, transportation, and utilities (+40) and education and health services (+33) 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.