2016 VI Labor Force Estimates Unemployment Rates Archive


Employment Situation: December 2016 [Historical Data]

December 2016 unemployment rate showed a decrease of 10.7 percent compared to 10.9 percent from the previous month. Signals indicate that there was an increase in jobs, in the fields of other services, Trade, Transport and Utilities, leisure and hospitality. St. Thomas/ John district unemployment rate decreased to 10.5 percent, down (-0.4) based on the lowered number of unemployed from last month. St. Croix’s unemployment rate showed a slight increase at 11.0 percent from November of 2016.
 
Over the year data, for the month of December indicates a decrease of (-3.9) percent in the labor force count of 48,384 as compared to 50,345 in December 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 (-216) which marked a (-1.1) percent change from 19,795 in December 2015, to 19,579 in the current period. This change was a (-1,589) decrease in the unemployed count of 2,419 for December 2016. The St. Thomas/John area employment decreased at (-1.1) to 23,618 compared to 23,878 in December of 2015. The unemployment count in this district increased by (+3.9) percent or (+104) and ended at 2,768 in December 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: December 2016 [Employment Statistics]

Total nonfarm payroll employment in the Virgin Islands rose by 106 to 38,201 in December. The improvement from November reflected job gains only in the private sector of the economy.

Within the private sector, trade, transportation, and utilities led with the largest increase (+61), followed by other services (+43) and leisure and hospitality (+42). Providing some offset to the monthly increase, financial activities and manufacturing decline by 18 and 15 respectively. Employment in other major industries, including government, construction, education and health services, professional and business services, and information, showed little change over the month.

Compared to the same period last year, nonfarm payroll employment rose by 531 or 1.4 percent. With the exception of government (-46), information (-19) and financial activities (-19), all other industry divisions reflected advances. Leisure and hospitality (+246), trade, transportation, and utilities (+153) and other services (+133) posted the largest increases. Furthermore, smaller increases in education and health services (+50) and construction (+29) 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.