REPORT: ECONOMIC CONDITIONS
REPORT: ECONOMIC CONDITIONS US Virgin Islands Economic Conditions US Bureau of Economic Research . US Virgin Islands Economic Review October 2010 Bureau of Economic Research 1050 Norre Gade No. 5 Charlotte Amalie St. Thomas, US Virgin Islands 00802 REPORT: ECONOMIC CONDITIONS US Virgin Islands Economic Conditions US Bureau of Economic Research Economic Review The broad economic improvements visible since the second quarter continued, but the gradual pace of recovery eased in the fourth quarter of fiscal year 2010. Labor market data confirm the general slowing trend. The Territory’s unemployment rate increased since June from 8.1 percent to 8.3 percent in September. Underscoring the lackluster job market, jobless claims have also been trending upward since June, to an average of 400 claims in the fourth quarter. Comparatively, unemployment claims averaged 331 in the first quarter, 301 in the second quarter and 327 in the third quarter. …
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