2017 VI Labor Force Estimates Unemployment Rates Archive


Employment Situation: April 2017 [Historical Data]

April 2017 unemployment rate showed a slight decrease of 10.3 percent compared to 10.4 percent from the previous month. Signals indicate that there was an increase in jobs, in the fields of Government, Information, Education and Health Services, Professional and Business Services and Other Services. St. Thomas/ John district unemployment rate decreased to 9.6 percent, down (-0.1 based on the lowered number of unemployed from last month. St. Croix’s unemployment rate showed a decreased at 11.3 percent from March of 2017.
 
Over the year data, for the month of April indicates a decrease of (-4.3) percent in the labor force count of 48,765 as compared to 50,971 in April 2016. 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 decreased by (-2,646) which marked a (-12.6) percent change from 20,954 in April 2016, to 18,308 in the current period. This change was a (-178) decrease in the unemployed count of 2,335 for April 2017. The St. Thomas/John area employment decreased at (0.6) to 25,419 compared to 25,275 in April of 2016. The unemployment count in this district increased by (+21.3) percent or (+474) and ended at 2,703 in April 2016. 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: April 2017 [Employment Statistics]

Total nonfarm payroll employment in the Virgin Islands rose by 57 to 38,681 in April. Job gains were mainly in the public sector of the economy.

Employment in government increased by 46 in April. Within the private sector, the majority of the increase was in professional and business services (+31), education and health services (+23), information (+15) and other services (+15). Offsetting industries that showed slight decreases were financial activities (-24), trade, transportation, and utilities (-23) and leisure hospitality (-14). Employment in other major industries, including construction and manufacturing, showed little change over the month.

In comparison with April 2016, nonfarm payroll employment edged up by 22. Job increases in the public sector (+275) outweighed reductions in the private sector (-253).

 
 
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) pprovides 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.