Insured Unemployment Rate in the U.S. Virgin Islands
This dataset tracks insured unemployment rate in the u.s. virgin islands over time.
Latest Value
0.85
Year-over-Year Change
54.55%
Date Range
2/8/1986 - 7/19/2025
Summary
The Insured Unemployment Rate in the U.S. Virgin Islands measures the percentage of the total labor force that is receiving unemployment insurance benefits. It provides insight into the state of the local labor market and helps policymakers assess 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
This statistic tracks the share of the insured workforce in the U.S. Virgin Islands that is currently receiving unemployment insurance payments. It is an important economic indicator used to gauge the overall health of the territory's job market and help guide policy responses.
Methodology
The data is collected by the U.S. Virgin Islands Department of Labor and calculated as a percentage of the total insured labor force.
Historical Context
The Insured Unemployment Rate is closely monitored by economists and policymakers to understand labor market trends and inform economic policy decisions.
Key Facts
- The U.S. Virgin Islands is a U.S. territory located in the Caribbean.
- The Insured Unemployment Rate tracks those receiving unemployment insurance benefits.
- Policymakers use this metric to assess the health of the local labor market.
FAQs
Q: What does this economic trend measure?
A: The Insured Unemployment Rate in the U.S. Virgin Islands measures the percentage of the total insured labor force that is currently receiving unemployment insurance benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the overall state of the U.S. Virgin Islands' labor market and helps inform economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Virgin Islands Department of Labor and calculated as a percentage of the total insured labor force.
Q: How is this trend used in economic policy?
A: The Insured Unemployment Rate is closely monitored by economists and policymakers to understand labor market trends and inform economic policy decisions in the U.S. Virgin Islands.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Insured Unemployment Rate in the U.S. Virgin Islands (VIRINSUREDUR), retrieved from FRED.