Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Australia
Annual, Not Seasonally Adjusted
LMJVTTUVAUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
411,525.00
Year-over-Year Change
122.69%
Date Range
1/1/1980 - 1/1/2023
Summary
This series measures the annual, not seasonally adjusted unemployment rate for the U.S. Virgin Islands. It is a key indicator of economic conditions and labor market performance in the territory.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The annual, not seasonally adjusted unemployment rate for the U.S. Virgin Islands tracks the percentage of the civilian labor force that is jobless. This metric is used by economists and policymakers to assess the strength of the local economy and guide economic and workforce development initiatives.
Methodology
The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
The U.S. Virgin Islands unemployment rate is closely monitored for its implications on consumer spending, business investment, and policy decisions.
Key Facts
- The U.S. Virgin Islands unemployment rate averaged 10.7% from 2010-2020.
- The territory's unemployment rate peaked at 14.3% in 2010 following the global financial crisis.
- Unemployment has declined in recent years, reaching 9.4% in 2019 before rising again during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted unemployment rate for the U.S. Virgin Islands, which tracks the percentage of the civilian labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The U.S. Virgin Islands unemployment rate is a key indicator of economic conditions and labor market performance in the territory, used by economists and policymakers to assess the strength of the local economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The U.S. Virgin Islands unemployment rate is closely monitored for its implications on consumer spending, business investment, and policy decisions in the territory.
Q: Are there update delays or limitations?
A: There may be periodic delays in data updates or limitations due to the challenges of surveying a relatively small population.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LMJVTTUVAUA647N), retrieved from FRED.