2015 VI Labor Force Estimates


Employment Situation: April 2016 [Historical Data]

April 2016 unemployment rate showed a slight decrease to 11.1 percent compared to 11.2 from the previous month. Signals indicate that there was an increase in jobs being added in the fields of, Government, professional and business services, construction and other services. St. Thomas/ John district, unemployment rate decreased to 11.0 percent, down (-0.1) based on the lowered number of unemployed from last month. St. Croix’s unemployment rate has decreased to 11.2 percent from March of 2016.
 
Over the year data, for the month of April indicates a decrease of (-5.5) percent in the labor force count of 48,148 as compared to 50,971 in April 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 (-1,548) which marked a (-7.4) percent change from 20,954 in April 2015, to 19,406 in the current period. This change was a (-63) decrease in the unemployed count of 2,450 for April 2016. The St. Thomas/John area employment decreased at (-7.4) to 23,409 compared to 25,275 in April of 2015. The unemployment count in this district increased by (+29.3) percent or (+654) and ended at 2,883 in April 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: April 2016 [Employment Statistics]

Total nonfarm payroll employment in the Virgin Islands rose to 37,868 in April. Both the public and private sectors accounted for the increase of 68 jobs.

Government moved up by 50 to 10,832. Within the private sector, the majority of the increase was in other services (+39), professional and business services (+25) and construction (+17). Offsetting industries that showed slight decreases were trade, transportation, and utilities (-28), leisure and hospitality (-14) and education and health services (-13). Employment in other major industries, including financial activities, manufacturing and information, showed little or no change over the month.

Over the year, nonfarm payroll employment decreased by 158. Heaviest reductions were in leisure and hospitality (-171) and trade, transportation, and utilities (-130). Smaller declines were also reported in financial activities (-99) and information (-54). The only industry gains for the year were in other services (+88), construction (+72), professional and business services (+69), government (+49) and education and health services (+23).

          
 
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.