All Employees: Leisure and Hospitality: Accommodation in the U.S. Virgin Islands
This dataset tracks all employees: leisure and hospitality: accommodation in the u.s. virgin islands over time.
Latest Value
3.14
Year-over-Year Change
3.17%
Date Range
1/1/1990 - 6/1/2025
Summary
This economic trend measures employment in the accommodation industry within the leisure and hospitality sector of the U.S. Virgin Islands. It provides insight into the health and recovery of the tourism-dependent Virgin Islands 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: Leisure and Hospitality: Accommodation in the U.S. Virgin Islands indicator tracks the number of people employed in hotels, motels, and other accommodation businesses in the U.S. territory. This data is used by economists and policymakers to monitor the tourism industry, which is a major driver of the Virgin Islands economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This employment trend is closely watched as an indicator of the U.S. Virgin Islands' economic performance and recovery, particularly after major disruptions like hurricanes or the COVID-19 pandemic.
Key Facts
- Accommodation industry makes up over 50% of leisure and hospitality jobs in the U.S. Virgin Islands.
- Employment in this sector fell by over 60% during the COVID-19 pandemic.
- The U.S. Virgin Islands rely on tourism for over 50% of their GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures employment in the accommodation industry, such as hotels and motels, within the broader leisure and hospitality sector of the U.S. Virgin Islands.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the health and recovery of the tourism-dependent Virgin Islands economy, which is a critical driver of the territory's GDP.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This employment trend is closely watched by economists and policymakers as an indicator of the U.S. Virgin Islands' economic performance and recovery, particularly after major disruptions like hurricanes or the COVID-19 pandemic.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting due to the challenges of data collection in the U.S. Virgin Islands, a small island territory.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Accommodation in the U.S. Virgin Islands (SMU78000007072100001SA), retrieved from FRED.