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||693,915||4,433,184||164,019,000|
|Unemployment Rate (%)||2.9||2.8||3.8|
Source: Bureau of Labor Statistics, August 2019, Not Seasonally Adjusted
According to 2017 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||89,642||9.9%||11.0%||12.0%|
|High School or GED||230,809||25.7%||24.3%||27.1%|
|Some College, No Degree||181,104||20.1%||19.7%||20.4%|
|Graduate or Professional Degree||126,199||14.0%||16.1%||12.3%|
Source: U.S. Census Bureau 2017 American Community Survey.