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.

Richmond MSA Virginia USA
Civilian Labor Force 707,218 4,321,604 159,979,000
Employed 679,766 4,157,214 153,407,000
Unemployed 27,452 164,390 6,572,000
Unemployment Rate (%) 3.9 3.8 4.1

Source: Bureau of Labor Statistics, May 2017, Not Seasonally Adjusted

Educational Attainment

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%
Associate Degree 54,160 6.6% 7.0% 7.8%
Bachelor’s Degree 169.044 20.6% 20.5% 18.0%
Graduate or Professional Degree 99,293 12.1% 14.7% 10.8%

Source: U.S. Census Bureau 2013 American Community Survey.