REPORT: ECONOMIC CONDITIONS
REPORT: ECONOMIC CONDITIONS US Virgin Islands Economic Conditions US Bureau of Economic Research . US Virgin Islands Economic Review January 2011 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 pace of economic recovery gathered stride one again in the first quarter of fiscal year 2011, subsequent to a brief break in the fourth quarter of fiscal year 2010. Gain in output and job creation strengthened but remained restrained, reflecting continuing soft demand in the United States, the US Virgin Islands main market. The recovery, however weak, is encouraging since a critical milestone was passed on the jobs front. Private sector jobs turned around in the fourth quarter of fiscal year 2010 after three years of losses and continued to improve in the first quarter of fiscal year 2011. The number of first quarter private-sector jobs grew 2.1 percent over fiscal year 2010. …
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