Richmond city: Unemployment Rate Trend
How Richmond city's unemployment rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
3.1%
2023
1.9%
Total change
-1.2 pp
% change
-38.7%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 3.1% | — |
| 2019 | 1.4% | -1.7 pp (-54.8%) |
| 2020 | 2.6% | +1.2 pp (85.7%) |
| 2021 | 1.5% | -1.1 pp (-42.3%) |
| 2022 | 1.4% | -0.1 pp (-6.7%) |
| 2023 | 1.9% | +0.5 pp (35.7%) |