Economy
The applicable Metropolitan Statistical Area for the Richmond-Petersburg region is the Richmond, VA MSA, which as of 2006 is identical to the region defined in this article. The Richmond MSA provides employment for a total of approximately 472,000 workers. In order of the number of workers, the major employment categories of the region are services; retail trade; manufacturing; state government; finance, insurance and real estate; local government; construction; wholesale trade; transportation and public utilities and federal government. Within the manufacturing category of some 63,700 employees, the largest category of workers is in the tobacco industry. Other important manufacturing categories are chemicals, printing and publishing, paper, and wood manufactures.
This economic diversity, which is typical of the entire Richmond-Petersburg region, helps to insulate it from hardship due to economic fluctuation in particular sectors of the economy. The region's central location also allows it to benefit from growth in other regions of Virginia and the state as a whole.
Read more about this topic: Greater Richmond Region
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)