All Employees: Private Service Providing in the U.S. Virgin Islands
This dataset tracks all employees: private service providing in the u.s. virgin islands over time.
Latest Value
22.40
Year-over-Year Change
-14.18%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the number of all private sector employees in the U.S. Virgin Islands, excluding government and agricultural workers. It provides insight into the strength and composition of the private service-providing economy.
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: Private Service Providing in the U.S. Virgin Islands' series tracks the monthly employment levels across the territory's private service industries, such as retail, healthcare, finance, and hospitality. This metric is used by economists and policymakers to assess the health and trends of the Virgin Islands' private sector.
Methodology
The data is collected through surveys of private businesses conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is closely monitored for its implications on the overall economic condition and policy decisions in the U.S. Virgin Islands.
Key Facts
- The U.S. Virgin Islands' private service sector accounts for over 75% of total employment.
- Employment in the private service-providing industries has been relatively stable in recent years.
- The tourism and hospitality industries are major drivers of the U.S. Virgin Islands' private service economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of private sector employees in the U.S. Virgin Islands, excluding government and agricultural workers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and composition of the private service-providing economy in the U.S. Virgin Islands, which is a key driver of the territory's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of private businesses conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is closely monitored by policymakers and analysts for its implications on the overall economic condition and policy decisions in the U.S. Virgin Islands.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of several weeks.
Related News
U.S. Economy Weak in August, Retail Sales Show Potential Resilience
Resilient Retail: Analyzing August’s Economic Trends in U.S. Retail Sales Recent trends in U.S. retail sales offer an intriguing glimpse into economic resilience amidst the challenges of August. The retail sector demonstrated its strength, even as broader economic indicators painted a less optimistic picture. In August, consumer spending and the retail sector were noteworthy, providing insights into economic resilience and offering a beacon of optimism. This anomaly invites a closer look into c
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year low signals significant developments for the national economy. This change may, in part, be influenced by the anticipation of tariff hikes, which are affecting trade patterns. As this event unfolds, it has implications for the U.S. GDP, underscoring the importance of reducing the trade deficit. Trade tensions have long shaped the global economic landsc
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. economic landscape. Recent data 10-year Treasury yield. With economic growth on one side and inflation data on the other, it's essential to unpack these complex dynamics. By analyzing these factors, we gain insights into the Federal Reserve's role in shaping monetary policy and the consequential market implications. The Federal Reserve's policies, market v
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, All Employees: Private Service Providing in the U.S. Virgin Islands (SMU78000000800000001A), retrieved from FRED.