Initial Claims in the U.S. Virgin Islands
This dataset tracks initial claims in the u.s. virgin islands over time.
Latest Value
25.00
Year-over-Year Change
13.64%
Date Range
2/15/1986 - 7/26/2025
Summary
The Initial Claims in the U.S. Virgin Islands is a key economic indicator that tracks the number of individuals who have filed for unemployment benefits for the first time in the U.S. Virgin Islands. This metric provides insights into the labor market and overall economic conditions.
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 Initial Claims in the U.S. Virgin Islands represents the number of people who have filed for unemployment insurance benefits for the first time. This data is a leading indicator of economic activity, as an increase in initial claims can signal a weakening labor market and potential economic slowdown.
Methodology
The data is collected by the U.S. Virgin Islands Department of Labor and reported to the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor this trend to assess the strength of the U.S. Virgin Islands economy and make informed decisions.
Key Facts
- Initial claims in the U.S. Virgin Islands are reported weekly.
- The data is seasonally adjusted to account for typical fluctuations.
- A sustained increase in initial claims can signal a weakening labor market.
FAQs
Q: What does this economic trend measure?
A: The Initial Claims in the U.S. Virgin Islands measures the number of people who have filed for unemployment benefits for the first time in the territory.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health of the U.S. Virgin Islands labor market and overall economic conditions, which is valuable information for policymakers, businesses, and individuals.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Virgin Islands Department of Labor and reported to the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the strength of the U.S. Virgin Islands economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The Initial Claims in the U.S. Virgin Islands data is reported weekly, with minimal delays.
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Citation
U.S. Federal Reserve, Initial Claims in the U.S. Virgin Islands (VIRICLAIMS), retrieved from FRED.