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||682,082||4,350,956||161,527,000|
|Unemployment Rate (%)||3.0||2.8||3.9|
Source: Bureau of Labor Statistics, April 2018, Not Seasonally Adjusted
According to 2016 American Community Survey data, 90 percent of the Richmond MSA population over age 25 has at least a high school education, compared to 87 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||88,617||10.0%||10.7%||12.6%|
|High School or GED||222,246||25.2%||24.0%||27.2%|
|Some College, No Degree||178,953||20.3%||19.5%||20.6%|
|Graduate or Professional Degree||122,606||13.9%||16.4%||11.9%|
Source: U.S. Census Bureau 2016 American Community Survey.