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  • VIDOL - May 2010 (Labor Force Summary)

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    Virgin Islands Youth Advocacy Coalition
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    The unemployment rate in the Virgin Islands was 7.9% in May 2010. While unemployment remained unchanged from the previous month, the labor force declined slightly. On St. Croix, the labor force and employment declined, while unemployment decreased slightly. On St. Thomas/St. John, the labor force declined slightly but unemployment increased. Although job losses have slowed, job creation remains sluggish, reflecting a slow economic recovery in 2010.

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    The unemployment rate in the Virgin Islands was 7.9% in May 2010. While unemployment remained unchanged from the previous month, the labor force declined slightly. On St. Croix, the labor force and employment declined, while unemployment decreased slightly. On St. Thomas/St. John, the labor force declined slightly but unemployment increased. Although job losses have slowed, job creation remains sluggish, reflecting a slow economic recovery in 2010.

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    27 views2 pages

    VIDOL - May 2010 (Labor Force Summary)

    Uploaded by

    Virgin Islands Youth Advocacy Coalition
    The unemployment rate in the Virgin Islands was 7.9% in May 2010. While unemployment remained unchanged from the previous month, the labor force declined slightly. On St. Croix, the labor force and employment declined, while unemployment decreased slightly. On St. Thomas/St. John, the labor force declined slightly but unemployment increased. Although job losses have slowed, job creation remains sluggish, reflecting a slow economic recovery in 2010.

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    Attribution Non-Commercial (BY-NC)
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    of 2

    Virgin Islands Labor force Estimates (not seasonally adjusted)

    Persons 16 years and Older

    Change From
    Virgin Islands May 2010 Apr 2010 May 2009 Apr 2010 May 2009
    Labor Force 51,417 51,484 53,048 (67) (1,631)
    Employed 47,347 47,420 49,046 (73) (1,699)
    Unemployed 4,070 4,064 4,002 6 68
    Unemployment Rates 7.9% 7.9% 7.5% - 0.4
    St. Croix
    Labor Force 22,305 22,362 23,160 (57) (855)
    Employed 20,359 20,391 21,090 (32) (731)
    Unemployed 1,946 1,971 2,070 (25) (124)
    Unemployment Rates 8.7% 8.8% 8.9% (0.1) (0.2)
    St. Thomas/St. John
    Labor Force 29,112 29,122 29,888 (10) (776)
    Employed 26,988 27,029 27,956 (41) (968)
    Unemployed 2,124 2,093 1,932 31 192
    Unemployment Rates 7.3% 7.2% 6.5% 0.1 0.8

    Labor Force Summary


    May 2010

    The Virgin Islands unemployment rate for the month of May is 7.9%.

    Unemployment remained unchanged in the month of May 2010. The current employment statistics data set
    reflected a 0.3% dip from the prior period. This change was primarily in public sector employment, as part
    time seasonal employment changed based on semester break. Private sector employment gains were
    minimal with 23 jobs added to payrolls. (Source: Current Employment Statistics monthly survey). (Source: Virgin
    Islands VIDOLA$ Unemployment Insurance automated system).

    On an over the year analysis for the month of May, payrolls are showing gains, however this factor has
    been due to public sector related employment through the decennial census. Private sector employment is
    still down, however, initial claims filing has dropped off significantly, and patterns are returning to
    seasonal economic trends that occur within the economy. Although, the pace of job loss has slowed, job
    creation has remained sluggish and slow, and reflects a continued sign of a slower paced economic
    recovery for 2010. (Source: Current Employment Statistics monthly survey).

    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.

    Equal Opportunity Employer/Program


    Trend Chart

    Virgin Islands Unemployment Rate Over the Year

    8.8
    8.6
    8.4
    8.2
    8
    7.8
    7.6
    7.4
    7.2
    Ratio (s)

    7
    6.8
    6.6
    6.4
    6.2
    6
    5.8
    5.6
    5.4
    5.2
    5
    May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10

    May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10
    Series1 7.7 8.1 8.2 8.2 8.5 8.5 8.0 7.9 8.0 7.8 8.0 7.9 7.9
    Period (s)

    Equal Opportunity Employer/Program

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