Richmond
The Richmond, Indiana, Micropolitan Statistical Area consists of Wayne County in east-central Indiana.* The city of Richmond, located on the Ohio border 40 miles east of Dayton, is the county seat and most populous city in Wayne County.
* Micropolitan areas are defined by the U.S. Office of Management and Budget. They have smaller urban clusters relative to metropolitan areas.Quick Stats
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The Richmond Futurecast Event
Thursday, Nov. 21, 2024
Breakfast served at 7:30 am.
Vivian Auditorium – Whitewater Hall
2325 Chester Boulevard,
Richmond, IN 47374
Featured Speakers at the Richmond Futurecast Event
Thursday, Nov. 21, 2024
Join us to discuss how the changing economic environment will affect the local region, Indiana and the nation in the coming year.
Registration Closed »This event is co-hosted by the East Region Chapter of the Alumni Association, the IU East School of Business and Economics, the Business & Economic Research Center, the IBRC and the Kelley School of Business.
What did we say last year about the Richmond region?
Published December 2023
The average January-to-August monthly labor force of the region grew by half a percent to 96,584 people in 2023 compared to the year before. Over the same eight months in 2023, the overall average monthly unemployment rate for the region was 3.56%, up by 0.35 percentage points from the year before.
Taking into consideration that the U.S. inflation rate is still higher than the Fed’s long-run target of 2%, global supply-chain disruptions are still present (caused by two ongoing wars and other factors) and the labor force’s post-pandemic adjustment to jobs requiring physical presence at the workplace, businesses in the region continue to face some hardships in their operations. As a result, we project that the unemployment rate for the region will be around 3% through 2024, with some variation across industry sectors.
Read the full Richmond article »
Each year in December, the Indiana Business Research Center publishes a special Outlook edition of the Indiana Business Review.
Published continuously since 1926, the Indiana Business Review is a quarterly publication that provides analysis and insight on economic and demographic issues.