All Employees: Leisure and Hospitality: Accommodation and Food Services in the U.S. Virgin Islands
This dataset tracks all employees: leisure and hospitality: accommodation and food services in the u.s. virgin islands over time.
Latest Value
6.30
Year-over-Year Change
1.61%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures the total number of employees in the leisure and hospitality sector, specifically focusing on the accommodation and food services industry in the U.S. Virgin Islands. It is a key indicator of economic activity and labor market conditions in the tourism-dependent 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 All Employees: Leisure and Hospitality: Accommodation and Food Services in the U.S. Virgin Islands series tracks the total number of people employed in hotels, restaurants, bars, and other hospitality-related businesses in the U.S. Virgin Islands. This metric is used by economists and policymakers to gauge the health of the local tourism industry, which is a major driver of the territory's economy.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in this series are closely monitored by government officials and industry stakeholders to inform economic and tourism policies in the U.S. Virgin Islands.
Key Facts
- The U.S. Virgin Islands economy is heavily dependent on the tourism industry.
- Accommodation and food services account for over 50% of private-sector employment in the territory.
- Employment in this sector is highly seasonal, with peaks during the winter high season.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality sector, specifically the accommodation and food services industry, in the U.S. Virgin Islands.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health and performance of the tourism industry, which is a major driver of the U.S. Virgin Islands' economy. Trends in this data are closely monitored by policymakers and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in leisure and hospitality employment in the U.S. Virgin Islands inform economic and tourism policies at the territorial government level.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a several-month lag in availability.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation and Food Services in the U.S. Virgin Islands (SMS78000007072000001), retrieved from FRED.