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 680,998 4,366,693 163,864,000
Employed 658,360 4,227,368 157,143,000
Unemployed 22,638 139,325 6,721,000
Unemployment Rate (%) 3.3 3.2 4.1

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

Educational Attainment

According to 2017 American Community Survey data, 89 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 94,854 10.9% 11.0% 12.7%
High School or GED 224,741 25.8% 24.3% 27.3%
Some College, No Degree 180,608 20.7% 19.7% 20.8%
Associate Degree 63,702 7.3% 7.5% 8.3%
Bachelor’s Degree 191,519 22.0% 21.5% 19.1%
Graduate or Professional Degree 115,010 13.2% 16.1% 11.8%

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