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, though pandemic conditions have affected these figures.
|Civilian Labor Force||665,116||4,259,711||160,008,000|
|Unemployment Rate (%)||5.0||4.7||6.6%|
Source: Bureau of Labor Statistics, December 2020/February 2021, Not Seasonally Adjusted
According to 2019 American Community Survey data, 90 percent of the Richmond MSA population over age 25 has at least a high school education, compared to 89 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||89,419||9.9%||10.0%||11.4%|
|High School or GED||229,572||25.5%||23.6%||26.9%|
|Some College, No Degree||179,790||19.9%||18.9%||20.0%|
|Graduate or Professional Degree||131,964||14.6%||17.2%||12.8%|
Source: U.S. Census Bureau 2019 American Community Survey.