BUREAU OF LABOR STATISTICS
What is Labor Market Information Information (LMI)?
The VIDOL (Virgin Islands Department of Labor) collects, analyzes, and publishes information about the Territory’s labor market. This information provides a snapshot of Virgin Islands economy, job market, businesses, and its workforce. Data on jobs and workers, including labor force, employment and unemployment, industrial growth, occupational trends, and wage rates, are increasingly important to remaining competitive in the global marketplace.
Labor Market Data Trends
the: labor force, employment, unemployment. This data is produced on a monthly basis. The labor force is comprised of persons 16 and older who show up in our unemployment insurance wage data working full time or part time and actively seeking employment through VIDOL. This data set is not comparable with labor force estimates developed as part of the national cooperative program. Virgin Islands estimates reflect the use of prescribed BLS methodology but are not adjusted to an independent estimate provided through the CPS (Current Population Survey).Source: Virgin Islands Department of Labor unemployment insurance claims data and the current employment statistics monthly survey of establishments.
program publishes a quarterly count of employment and wages reported by employers by industry. It serves as a sampling frame and employment benchmark for numerous programs at both the state and federal level. The QCEW also serves important actuarial functions for SESAs and the U.S. Employment and Training Administration.
program surveys businesses and government agencies, in order to provide detailed industry data on employment, hours, and earnings of workers on non-farm payrolls within the Virgin Islands.
program produces employment and wage estimates for over 800 occupations. These are estimates of the number of people employed in certain occupations, and estimates of the wages paid to them. Self-employed persons are not included in the estimates. These estimates are available for the nation as a whole, for individual States, and for metropolitan areas; national occupational estimates for specific industries are also available. This information assists employment and training planners, guidance and career counselors and others to match workers with jobs. The data are also used by the Employment and Training Administration’s Alien Labor Certification (ALC) staff to determine prevailing wage levels.
all States and the nation as a whole. One of the most important uses of the projections is to help individuals make informed career decisions.
and decline for industries are projected for a ten year period and are revised every two years. Data supporting the industry projections are derived from a monthly survey of employers (Current Employment Statistics Program) and a quarterly tax report from employers (QCEW program). These programs are part of a cooperative effort between the State and the U.S. Bureau of Labor Statistics (BLS) to measure employment.
Advertised Job Data
the… Virgin Islands with the highest mean or average wage for a given occupation.
to the occupations in the Virgin Islands with the highest number of job openings
requirement on job openings advertised online for a specific occupation.
the: labor force, employment, unemployment. This data is produced on a monthly basis. The labor force is comprised of persons 16 and older who show up in our unemployment insurance wage data working full time or part time and actively seeking employment through VIDOL. This data set is not comparable with labor force estimates developed as part of the national cooperative program. Virgin Islands estimates reflect the use of prescribed BLS methodology but are not adjusted to an independent estimate provided through the CPS (Current Population Survey).Source: Virgin Islands Department of Labor unemployment insurance claims data and the current employment statistics monthly survey of establishments.
by Education Requirements for the area and time period selected.
by Industry for the area, time period and industry selected.
by Area for the area and time period that selected.
Labor Market Supply
program is a Federal-State cooperative effort in which monthly estimates of total employment and unemployment are prepared for approximately 7,300 areas.These estimates are key indicators of local economic conditions. Advertised jobs are spidered daily in real-time. By combining the information gathered from advertised jobs and the LAUS program, the ratio of unemployed to advertised jobs can be calculated. This metric provides a measure of how competitive the job market is in an area.
Employment & Wage Data
employment for an occupation among industries. Staffing patterns are created by merging Industry projections data with staffing patterns from the Bureau of Labor Statistics’ Occupational Employment and Wage Statistics (OEWS) program to create an industry-occupational matrix. This matrix shows the ratios of occupations employed within a particular industry, or a list of the industries that employ a particular occupation.
licensure requirements for occupations in the state selected. The information available includes Standard Occupational Classification; Licensing Description; Contact Information; Licensure/Certification/ and Registration Requirements; Fee information; Renewal Information; and Licensing Statistics.
that measures a region’s industrial concentration relative to a larger geographic unit (usually the nation). A Location Quotient is computed as an industry’s share of a regional total for some economic statistic divided by the industry’s share of the national total for the same statistic. For example, location quotients can be used to compare State employment by industry to that of the nation; or employment in a city, county, metropolitan statistical area (MSA), or other defined geographic sub-area to that in the State.
employment for an occupation among industries. Staffing patterns are created by merging Industry projections data with staffing patterns from the Bureau of Labor Statistics’ Occupational Employment and Wage Statistics (OEWS) program to create an industry-occupational matrix. This matrix shows the ratios of occupations employed within a particular industry, or a list of the industries that employ a particular occupation.
Other LMI Data
counts and incidence rates of both non-fatal and fatal work related injuries and illnesses in the Virgin Islands. The Survey of Occupational Injuries and Illnesses (SOII) collects data on nonfatal injuries and illnesses that private industry employers report based on the Occupational Safety and Health Administration (OSHA) “Log of Work- Related Injuries and Illnesses.” The Census of Fatal Occupational Injuries (CFOI) collects data on work- related fatalities. CFOI uses multiple sources, such as news reports, death certificates, police reports, and workers’ compensation reports to identify, verify, and describe work-related fatalities.
a component of leading economic indicators. Claims represent the number of workers filing for unemployment benefits following the loss of a job. Claims are sensitive to changing economic conditions and are a good predictor of turning points. In the initial stages of economic recovery, layoffs are slow and hiring accelerates with the result that claims drop. In the later stages of an expansion, as the economy begins to decelerate and the labor market softens, layoffs occur at the margins of the workforce, hiring slows, and initial claims increase.