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||697,928||4,447,462||164,556,000|
|Unemployment Rate (%)||2.6||2.5||3.5|
Source: Bureau of Labor Statistics, December 2019, Not Seasonally Adjusted
According to 2018 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||95,164||10.5%||10.1%||11.7%|
|High School or GED||227,674||25.1%||24.0%||26.9%|
|Some College, No Degree||170,843||18.9%||18.7%||20.3%|
|Graduate or Professional Degree||132,900||14.7%||17.1%||12.6%|
Source: U.S. Census Bureau 2018 American Community Survey.