| |
| Labor Force |
The Richmond-Petersburg metro area is a magnet for labor, drawing a workforce from more than 40 localities statewide. Diverse industries and companies combined with numerous educational institutions provide an ample supply of employees with positive work attitudes and a range of skills and experience for new and expanding companies.
|
| Civilian Labor Force |
651,148 |
| Unemployment Rate (Percent) |
4.1 |
| Source: Virginia Employment Commission, March 2008 |
|
|
|
|
| Labor Availability |
Young people graduating from high school, college, and other training and entering the labor force are the largest continuing source of labor for the long term. In the Richmond MSA there are more than 13,000 high school graduates each year and the area's institutions of higher education confer more than 9,000 post-secondary degrees each year. |
| Area public high school graduates, 2006-2007 |
13,045 |
| Going on to 4-year college |
6,528 |
| Going on to 2-year college |
3,174 |
| Going on to other training |
904 |
| Not continuing education |
2,439 |
| Area post-secondary degrees conferred, 2006-2007 |
9,547 |
| Degrees beyond Bachelor's |
2,709 |
| Commuters into MSA |
29,258 |
| Commuters out of MSA |
28,612 |
| Downsizing, FY 2006-2007 |
4,882 |
| Net migration, 2000-2007 |
65,179 |
| Underemployment, Q4 2007 |
32,194 |
| Unemployment,March 2008 |
26,511 |
| Unemployment Rate, March 2008 |
4.1 |
|
|
