Economic Profile

Fargo Moorhead’s economy consistently ranks among the highest of 381 metropolitan areas in vitality, according to Moody’s economy.com. Gains in income and employment consistently exceed the national average, and the region has one of the lowest unemployment rates in the nation. Our community benefits from a diverse and solid base of industry that includes national and global names like Microsoft, John Deere, Bobcat, Case New Holland, Caterpillar, Titan Machinery, U.S. Bank, Bank of the West, and Wells Fargo.

 

Economic Indicators

Fargo Moorhead MSA Employment Information

Data 2010 2011 2012 2013 2014 2015 2016
Employed 117,689 119,400 120,279 122,309 124,516 127,187 132,597
Change over previous year (%)  1.95 1.45 0.74 1.9 1.80 2.15  4.25
Unemployment Rate (%) 4.1 3.9 3.5 3.2 2.7 2.5 2.6

Source: Job Service ND; LAUS

 

Wage Information- Cass County

Data 2010 2011 2012 2013 2014 2015 2016
Average Weekly Wage, Total all industries $760 $797 $832 $851 $884 $917 $922
Change over previous year (%) 2.84 4.87 4.39 2.28 3.88 3.73 0.55

Source: Job Service ND; QCEW Unit

 

Wage Information- Clay County

Data 2010 2011 2012 2013 2014 2015 2016
 Average Weekly Wage, Total all industries  $597 $ 632  $649  $666  $698  $726  $729
Change over previous year (%)  0.0 5.86 2.69 2.62 4.80 4.01  0.41

Source: Job Service ND; QCEW Unit

 

Current Employment Statistics for Fargo-Moorhead MSA in September 2017

Title
September 2017 (Preliminary)
September 2016
(Not Preliminary)
Over the Year Employment Change
Total Nonfarm 145,200 142,800 2,400
Total Private 126,300 124,000 2,300
Goods-Producing 20,800 19,800 1,000
Service-Providing 124,400 123,000 1,400
Private Service-Providing 105,500 104,200 1,300
Mining, Logging, and Construction 10,700 10,200 500
Manufacturing 10,100 9,600 500
Trade, Transportation, and Utilities 30,600 30,800 -200
Information 3,100 3,300 -200
Financial Activities 11,500 11,200 300
Professional and Business Services 16,900 15,900 1,000
Educational and Health Services 23,900 23,600 300
Leisure and Hospitality 14,000 14,000 0
Other Services 5,500 5,400 100
Government 18,900 18,800 100

Source: Job Service N.D., Labor Market Information Center, CES Unit