USVI Public Records

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## Slide 1 REVENUE ESTIMATING CONFERENCE2023 SPRING REVENUE ESTIMATING CONFERENCE GARY MOLLOY, COMMISSIONER VIRGIN ISLANDS DEPARTMENT OF LABOR ## Slide 2 Overview of demographic and unemployment changes affecting the USVI Workforce Agenda Overview of current Workforce Development Training Programs and initiatives ## Slide 3 Demographic Changes Affecting the USVI Workforce HISTORICAL CONTEXT This Photo by Unknown Author is licensed under CC BY-SA-NC ## Slide 4 Education One of the challenges facing the USVI’s workforce is the low educational attainment relative to the U.S. - the demand for higher education and skills will dominate employment opportunities in the economy. High-skill jobs are projected to be the fastest growing occupations over the next 10 years according to USBLS. [notes] Concerning education, one of the challenges facing the USVI’s workforce is the low educational attainment relative to the U.S. While nationwide, 30.1 percent of people age 25 and older had a bachelor’s degree or more, only 18 percent of USVI residents had a bachelor’s or higher. Nearly 26 percent of the population age 25 and higher had less than a high school diploma, twice as many nationally (Figure 7). The USBLS 2020 to 2030 projections of which jobs will grow over the next decade have implications for people with a high school diploma or less. Job growth is about zero or negative for those without a college degree or a high school diploma. While most jobs in the USVI economy are low-skilled (those that require a high school diploma or less), it was the high-skill jobs that were projected to be the fastest occupations over the next 10 years.1 These results suggest that the demand for higher education and skills will dominate employment opportunities in the economy. ## Slide 5 Unemployment RatesThe Unemployment Rates in all districts declined back to Pre- Pandemic levels.At the end of 2022 rates were as low as 3.5% indicating that there were positive signs of employment opportunities in the Virgin Islands, and fewer individuals filing for benefits. *Includes are all persons in the civilian noninstitutional population ages 16 and older classified as either employed or unemployed. ## Slide 6 Labor Force Participation RateThe participation rate is the percentage of the population that is either working or actively looking for work.The labor force participation rate is calculated as: (Labor Force ÷ Civilian Noninstitutional Population) x 100. The Virgin Islands Labor Force participation rate for Calendar Year 2022 averaged 49.2%, indicating that the economy is no longer contracting and reflecting signs that job demand is improving after the pandemic periods. ## Slide 7 Where Are We Now? Total Unemployment Insurance Claims Processed As of March 6, 2023 1,395 active benefit year claims (St. Thomas – 581 St. Croix – 562 Interstate – 151 and St. John – 101) ## Slide 8 Workforce Development Programs & Initiatives ## Slide 9 THANK YOU TO THE TEAM! OTHER PARTNERS & ENTITIES ## Slide 10 Employment Services Employment Services bring together individuals looking for employment and employers looking for job seekers. Workforce Development continue to build stronger and better relationships with employers throughout the territory, recognizing that employers drive workforce. Webinars are conducted every four (4) to six (6) weeks as an avenue to keep business informed and engaged. Twelve (12) webinars were hosted, and we estimate over one hundred (100) different employers throughout the territory attended at least one of the webinars in 2022.   Career fairs and hiring events are hosted to assist employers with their recruitment needs. Three (3) career fairs and fourteen (10) hiring events were hosted during the calendar year 2022. One hundred and seventy-three (173) hires were resulted in our Virgin Islands Electronic Workforce System (VIeWS). ## Slide 11 JOB OPENINGS AND REFERRALS BY INDUSTRY SECTOR ## Slide 12 2023 USVI Projected EmploymentTop 3 industries:Public AdministrationAccommodation and Food ServiceConstruction ## Slide 13 Short-term Occupational Outlook for USVI: Demand:Healthcare Practitioners & Tech. Healthcare Support Declining: Food Prep. & Serving Construction and Extraction ## Slide 14 WIOA Training Program Enrollment Numbers- All ProgramsAll Programs Healthcare/Allied Health Construction Trades Administrative & Support Services Information Technology Leisure & Hospitality 112 36 1 1 17 8 2 4 0 1 Industry Sector CY2022 Jan. 1 – Mar. 8, 2023 16 ETPL Approved Providers Total 169 18 ## Slide 15 WIOA Occupational Skills Training Programs -FEDERAL FUNDING Administrative and Support Services Administrative Assistant Healthcare Support/Allied Health Behavior Technician and the Medical Office Cardi-Phlebotomy Technician Certified Massage Therapist Certified Nursing Assistant Child Care with CDA Certification Child Day Care Management Clinical Medical Assistant Electronic Health Records and Reimbursement Specialist Emergency Medical Technician Licensed Practical Nurse Medical Administrative Assistant Medical Assistant Medical Billing Specialist Medical Front Office Assistant and Administration Specialist Medical Front Office and Electronic Health Records Phlebotomy Technician Physical Therapy Aide and Administration Specialist Information Technology Construction Trades Carpentry Electrical Technician Certified Fiber Optics Technician Refrigeration(HVAC) NCCER Core Curriculum NCCER Electrical I Welding Leisure & Hospitality Culinary Arts Culinary – Certified Fundamentals Cook ## Slide 16 REGISTERED APPRENTICESHIP PROGRAMS IN THE Virgin Islands As of 11.15.22 ## Slide 17 Projection for the next 6 months to 1 year ## Slide 18 SKILLS FOR TODAY WEEKLY OPERATIONAL DASHBOARD ## Slide 19 THANK YOU TO THE TEAM! OTHER PARTNERS & ENTITIES ## Slide 20 Questions?