All Employees: Other Services in the U.S. Virgin Islands
SMS78000008000000001 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
0.00%
Date Range
1/1/1990 - 7/1/2025
Summary
This economic trend measures the total number of employees in the Other Services sector in the U.S. Virgin Islands. It provides insights into the labor market and service industry performance 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
The 'All Employees: Other Services' series tracks employment levels in establishments providing services not classified elsewhere, such as personal care, death care, and religious organizations. This data is a key indicator of economic activity and labor market trends in the U.S. Virgin Islands.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this employment trend to understand the broader service sector dynamics in the U.S. Virgin Islands.
Key Facts
- The Other Services sector accounts for about 10% of total employment in the U.S. Virgin Islands.
- Employment in Other Services has declined by 20% since 2015 in the U.S. Virgin Islands.
- The U.S. Virgin Islands is the only U.S. territory included in this Bureau of Labor Statistics employment series.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the Other Services sector in the U.S. Virgin Islands, which includes personal care, death care, and religious organizations.
Q: Why is this trend relevant for users or analysts?
A: This employment data provides insights into the service industry performance and labor market dynamics in the U.S. Virgin Islands, which is important for policymakers and economists analyzing the territory's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this Other Services employment trend to understand the broader service sector performance and labor market conditions in the U.S. Virgin Islands.
Q: Are there update delays or limitations?
A: There may be update delays or limitations inherent in this employment data, as it is based on surveys of businesses in the U.S. Virgin Islands.
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Citation
U.S. Federal Reserve, All Employees: Other Services in the U.S. Virgin Islands (SMS78000008000000001), retrieved from FRED.