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, Nokia, Titan Machinery, Tech Mahindra, U.S. Bank, Bank of the West, and Wells Fargo.

Economic Indicators

Data 2009 2010 2011 2012 2013
Total Employment 115,961 115,766 115,225 116,061 117,286
Change over previous year (%) -1.3 -0.2 -0.5 0.1 1.0
Unemployment Rate (%) 4.3 4.1 4.0 3.4 3.2
Average Annual Wage $37,284 $38,220 $40,196 $41,964 $42,868
Average Annual Wage Growth (%) 1.4 2.5 5.2 4.4 2.2

Source: Job Service ND; LAUS and QCEW

 

Employment by Industry

Industry No.  Employed in Dec. 2014 Change from Dec. 2013
Total Non-Farm 140,000 6,400
Total Private 121,500 6,000
Goods-Producing 19,300 1,600
Service-Providing 120,700 4,800
Private Service-Providing 102,200 4,400
– Mining, Logging, and Construction 9,000 1,500
Manufacturing 10,300 100
Trade, Transportation, & Utilities 30,900 1,000
– Wholesale Trade 9,400 300
– Retail Trade 16,500 400
– Transportation, Warehousing, & Utilities 5,000 100
Information 3,300 0
Financial Activities 10,100 200
Professional & Business Services 15,800 500
Education & Health Services 22,300 500
Leisure & Hospitality 14,600 1,600
Other Services 5,200 0
Government 18,500 200

Source: Job Service N.D., Current Employment Statistics

 

Employment by Occupation

Occupation Employment
Office & Administrative Support 20,790
Sales & Related Occupations 14,690
Food Prep & Serving-Related 11,580
Transportation & Materials Moving 9,610
Production 8,050
Healthcare Practitioners & Tech 7,810
Education, Training & Library 7,340
Business & Financial Operations 6,680
Extraction & Construction Occupations 6,630
Management 5,670
Installation, Maintenance & Repair 5,190
Personal Care Service 5,060
Building & Grounds Cleaning & Maintenance 4,430
Healthcare Support 3,430
Computer and Mathematical Occupations 3,130
Architecture & Engineering 1,990
Art, Design, Entertainment, Sports & Media 1,720
Protective Services 1,700
Community &Social Service Occupations 1,570
Life, Physical & Social Sciences 960
Legal 590
Farming, Fishing & Forestry 370

Source: BLS, Occupational Employment Statistics, May 2013