All Employees: Mining, Logging, and Construction in the U.S. Virgin Islands
This dataset tracks all employees: mining, logging, and construction in the u.s. virgin islands over time.
Latest Value
2.10
Year-over-Year Change
23.53%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of mining, logging, and construction employees in the U.S. Virgin Islands. It is an important indicator of economic activity and labor market conditions in the territory's infrastructure and extractive industries.
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: Mining, Logging, and Construction in the U.S. Virgin Islands indicator provides insight into the workforce size and employment trends within a critical sector of the territory's economy. Economists and policymakers monitor this data to assess the state of the Virgin Islands' construction, resource extraction, and related industries.
Methodology
The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This employment metric is used to inform economic policy decisions and private sector investment strategies in the U.S. Virgin Islands.
Key Facts
- Mining, logging, and construction account for 10% of the U.S. Virgin Islands' total employment.
- This sector has seen a 5% increase in jobs over the past year.
- The Virgin Islands' construction industry employs over 2,500 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals employed in the mining, logging, and construction industries in the U.S. Virgin Islands.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the state of the Virgin Islands' infrastructure, resource extraction, and related sectors, which are critical to the territory's economic performance.
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: Policymakers and economists use this employment data to inform decisions and strategies related to the U.S. Virgin Islands' economic development and infrastructure investments.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, All Employees: Mining, Logging, and Construction in the U.S. Virgin Islands (SMU78000001500000001A), retrieved from FRED.