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 679,574 4,293,410 160,465,000
Employed 654,498 4,142,408 154,223,000
Unemployed 27,4076 151,002 6,242,000
Unemployment Rate (%) 3.7 3.5 3.9

Source: Bureau of Labor Statistics, October 2017, Not Seasonally Adjusted

Educational Attainment

According to 2016 American Community Survey data, 90 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 88,617 10.0% 10.7% 12.6%
High School or GED 222,246 25.2% 24.0% 27.2%
Some College, No Degree 178,953 20.3% 19.5% 20.6%
Associate Degree 69,427 7.9% 7.7% 8.4%
Bachelor’s Degree 201,670 22.8% 21.7% 19.3%
Graduate or Professional Degree 122,606 13.9% 16.4% 11.9%

Source: U.S. Census Bureau 2016 American Community Survey.