All Employees: Other Services in the U.S. Virgin Islands
This dataset tracks all employees: other services in the u.s. virgin islands over time.
Latest Value
0.90
Year-over-Year Change
-35.71%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'All Employees: Other Services in the U.S. Virgin Islands' trend measures the total number of employees in the 'Other Services' sector, which includes a wide range of personal and repair services, in the U.S. Virgin Islands. This metric provides insights into the health and composition of the local service 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 'Other Services' sector encompasses a diverse range of businesses that provide services to both individuals and establishments, such as personal care, death care, repair and maintenance, and religious and civic organizations. Tracking employment in this sector offers a broad view of economic activity beyond just manufacturing or retail.
Methodology
The data is collected through monthly surveys of U.S. Virgin Islands establishments.
Historical Context
This trend is used by policymakers and economists to monitor the U.S. Virgin Islands' service industry and its contribution to the overall economy.
Key Facts
- The 'Other Services' sector accounts for over 10% of total employment in the U.S. Virgin Islands.
- Employment in the 'Other Services' sector has remained relatively stable in recent years.
- The 'Other Services' sector includes a wide range of personal and repair services, from hair salons to auto mechanics.
FAQs
Q: What does this economic trend measure?
A: The 'All Employees: Other Services in the U.S. Virgin Islands' trend measures the total number of employees in the 'Other Services' sector, which includes a wide range of personal and repair services, in the U.S. Virgin Islands.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and composition of the local service industry in the U.S. Virgin Islands, which is an important part of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of U.S. Virgin Islands establishments.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to monitor the U.S. Virgin Islands' service industry and its contribution to the overall economy.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of monthly establishment surveys.
Related News
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
U.S. Stock Markets Hit Record Highs Amid Nvidia, OpenAI Partnership
Nvidia's OpenAI Partnership Excites U.S. Markets The unprecedented performance of the U.S. stock markets can be largely attributed to Nvidia's exciting partnership with OpenAI. This collaboration is not only setting new records for Nvidia shares but is also invigorating other tech stocks, leading to historic highs in indices like the Dow Jones, S&P 500, and Nasdaq. Record-high stocks signify significant investment opportunities, underscored by revolutionary artificial intelligence innovations.
US homeowners refinance as mortgage rates fall
How Lower Mortgage Rates Are Encouraging Mortgage Refinancing With mortgage refinancing becoming increasingly attractive, US homeowners are seizing the opportunity to lower their interest rates and save money. Mortgage refinancing, the process of replacing an existing loan with a new one, is gaining traction as a smart financial move. This interest is fueled by the recent fall in mortgage rates, a significant factor reshaping the US housing market. Lower mortgage rates, alongside other economic
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
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: Other Services in the U.S. Virgin Islands (SMU78000008000000001A), retrieved from FRED.