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
3.5%
2023
1.0%
Total change
-2.5 pp
% change
-71.4%
| Year | Unemployment Rate | Change |
|---|---|---|
| 2017 | 3.5% | — |
| 2019 | 3.3% | -0.2 pp (-5.7%) |
| 2020 | 2.6% | -0.7 pp (-21.2%) |
| 2021 | 3.0% | +0.4 pp (15.4%) |
| 2022 | 2.2% | -0.8 pp (-26.7%) |
| 2023 | 1.0% | -1.2 pp (-54.5%) |