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 697,928 4,447,462 164,556,000
Employed 680,068 4,338,219 158,803,000
Unemployed 17,860 109,243 5,753,000
Unemployment Rate (%) 2.6 2.5 3.5

Source: Bureau of Labor Statistics, December 2019, Not Seasonally Adjusted

Educational Attainment

According to 2018 American Community Survey data, 90 percent of the Richmond MSA population over age 25 has at least a high school education, compared to 88 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 95,164 10.5% 10.1% 11.7%
High School or GED 227,674 25.1% 24.0% 26.9%
Some College, No Degree 170,843 18.9% 18.7% 20.3%
Associate Degree 66,550 7.3% 7.8% 8.6%
Bachelor’s Degree 212,569 23.5% 22.3% 20.0%
Graduate or Professional Degree 132,900 14.7% 17.1% 12.6%

Source: U.S. Census Bureau 2018 American Community Survey.