Historically, the Richmond Region has enjoyed low levels of unemployment. In 2010, due to the recession, unemployment rates rose to uncharacteristically high levels, reaching nearly 8 percent. In recent years, the rates have dropped and remain at or below the national average.
|Civilian Labor Force||707,218||4,321,604||159,979,000|
|Unemployment Rate (%)||3.9||3.8||4.1|
Source: Bureau of Labor Statistics, May 2017, Not Seasonally Adjusted
According to 2013 American Community Survey data, 87 percent of the Richmond MSA population over age 25 has at least a high school education, compared to 86 percent nationally. The Richmond Region compares favorably in higher education, with many residents holding at least a Bachelor’s degree.
|Highest Level Attained||Richmond MSA (total #)||Richmond MSA (% of total)||Virginia (% of total)||U.S. (% of total)|
|Less than High School Diploma||106,678||13.0%||12.6%||13.9%|
|High School or GED||218,280||26.6%||25.2%||28.1%|
|Some College, No Degree||172,326||21.0%||20.1%||21.2%|
|Graduate or Professional Degree||99,293||12.1%||14.7%||10.8%|
Source: U.S. Census Bureau 2013 American Community Survey.