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||680,998||4,366,693||163,864,000|
|Unemployment Rate (%)||3.3||3.2||4.1|
Source: Bureau of Labor Statistics, February 2019, Not Seasonally Adjusted
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%|
|Graduate or Professional Degree||115,010||13.2%||16.1%||11.8%|
Source: U.S. Census Bureau 2017 American Community Survey.