Covered Employment in the U.S. Virgin Islands
VIRCEMPLOY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,512.00
Year-over-Year Change
-1.16%
Date Range
5/27/2006 - 7/19/2025
Summary
The Covered Employment in the U.S. Virgin Islands trend measures the total number of employees covered by unemployment insurance programs in the U.S. Virgin Islands. This metric provides insight into the overall labor market and economic activity in the territory.
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
Covered employment is a key indicator of economic conditions, as it captures the number of workers who are eligible for unemployment benefits. This data series is used by economists and policymakers to analyze labor market trends and assess the health of the U.S. Virgin Islands economy.
Methodology
The data is collected through unemployment insurance programs and reported by the U.S. Bureau of Labor Statistics.
Historical Context
Covered employment is an important input for economic forecasting and policy decisions related to workforce development and social safety net programs.
Key Facts
- The U.S. Virgin Islands had over 36,000 covered employees as of the latest data.
- Covered employment declined during the COVID-19 pandemic but has since partially recovered.
- The U.S. Virgin Islands economy is heavily dependent on tourism, which impacts covered employment.
FAQs
Q: What does this economic trend measure?
A: The Covered Employment in the U.S. Virgin Islands trend measures the total number of employees covered by unemployment insurance programs in the territory.
Q: Why is this trend relevant for users or analysts?
A: Covered employment is a key indicator of economic conditions and labor market trends in the U.S. Virgin Islands, providing insights that are useful for economists, policymakers, and business analysts.
Q: How is this data collected or calculated?
A: The data is collected through unemployment insurance programs and reported by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Covered employment data is used to inform economic forecasting and policy decisions related to workforce development and social safety net programs in the U.S. Virgin Islands.
Q: Are there update delays or limitations?
A: There may be delays in reporting due to the data collection process, and the scope is limited to employees covered by unemployment insurance programs in the U.S. Virgin Islands.
Related Trends
Initial Claims in the U.S. Virgin Islands
VIRICLAIMS
Continued Claims (Insured Unemployment)
CCSA
Initial Claims
ICSA
Pandemic Unemployment Assistance Initial Claims in Puerto Rico
PUAICPR
Continued Claims (Insured Unemployment) in the U.S. Virgin Islands
VIRCCLAIMS
4-Week Moving Average of Initial Claims
IC4WSA
Citation
U.S. Federal Reserve, Covered Employment in the U.S. Virgin Islands (VIRCEMPLOY), retrieved from FRED.