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 693,915 4,433,184 164,019,000
Employed 673,499 4,311,185 157,816,000
Unemployed 20,416 121,999 6,203,000
Unemployment Rate (%) 2.9 2.8 3.8

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

Educational Attainment

According to 2017 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 89,642 9.9% 11.0% 12.0%
High School or GED 230,809 25.7% 24.3% 27.1%
Some College, No Degree 181,104 20.1% 19.7% 20.4%
Associate Degree 66,376 7.4% 7.5% 8.5%
Bachelor’s Degree 205,022 22.8% 21.5% 19.7%
Graduate or Professional Degree 126,199 14.0% 16.1% 12.3%

Source: U.S. Census Bureau 2017 American Community Survey.