All Employees: Leisure and Hospitality in the U.S. Virgin Islands
This dataset tracks all employees: leisure and hospitality in the u.s. virgin islands over time.
Latest Value
7.00
Year-over-Year Change
-4.11%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of employees in the leisure and hospitality sector in the U.S. Virgin Islands. It provides important insights into the strength and recovery of the local tourism industry.
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 in the U.S. Virgin Islands series tracks the total employment levels in industries such as hotels, restaurants, arts, entertainment, and recreation. This metric is a key indicator of economic activity and the overall health of the U.S. Virgin Islands' service-based economy.
Methodology
The data is collected through surveys of business establishments in the U.S. Virgin Islands.
Historical Context
This employment trend is closely monitored by policymakers and economists to assess the islands' tourism industry and guide economic development strategies.
Key Facts
- Leisure and hospitality is a major component of the U.S. Virgin Islands' economy.
- Employment in this sector fluctuates seasonally with tourism demand.
- The COVID-19 pandemic severely impacted employment in the U.S. Virgin Islands' leisure and hospitality industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the leisure and hospitality sector in the U.S. Virgin Islands, including industries like hotels, restaurants, arts, entertainment, and recreation.
Q: Why is this trend relevant for users or analysts?
A: This employment trend is a key indicator of the strength and recovery of the U.S. Virgin Islands' tourism-based economy, which is crucial for policymakers and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments in the U.S. Virgin Islands.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this employment trend to assess the tourism industry and guide economic development strategies in the U.S. Virgin Islands.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential limitations of surveys conducted in the U.S. Virgin Islands.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality in the U.S. Virgin Islands (SMU78000007000000001A), retrieved from FRED.