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 2014
Total Employment 115,961 115,766 115,225 116,061 117,286 129,128
Change over previous year (%) -1.3 -0.2 -0.5 0.1 1.0 1.1
Unemployment Rate (%) 4.3 4.1 4.0 3.4 3.2 2.7
Average Annual Wage $37,284 $38,220 $40,196 $41,964 $42,868 $45,968
Average Annual Wage Growth (%) 1.4 2.5 5.2 4.4 2.2 1.0

Source: Job Service ND; LAUS and QCEW

Employment by Industry

(Fargo, ND-MN MSA)

1,400

Industry No.  Employed in Feb. 2016 Change from Feb. 2015
Total Non-Farm 139,000  2,600
Total Private 120,600 2,400
Goods-Producing 17,600 -400
Service-Providing 121,400 3,000
Private Service-Providing 103,000 2,800
– Mining, Logging, and Construction 8,000 100
Manufacturing 9,600 -500
Trade, Transportation, & Utilities 30,300 0
– Wholesale Trade 9,000 0
– Retail Trade 16,000 0
– Transportation, Warehousing, & Utilities 5,300 0
Information 3,200 100
Financial Activities 10,800 200
Professional & Business Services 16,900 1,200
Education & Health Services 22,600 800
Leisure & Hospitality 14,000 600
Other Services 5,200 -100
Government 18,400 200

Source: Job Service N.D., Current Employment Statistics (CES)

 

Employment by Occupation

Occupation Employment
Office & Administrative Support 21,590
Sales & Related Occupations 14,510
Food Prep & Serving-Related 12,100
Transportation & Materials Moving 10,190
Production 7,330
Healthcare Practitioners & Tech 7,800
Education, Training & Library 7,030
Business & Financial Operations 7,550
Construction &  Extraction Occupations 7,260
Management 6,090
Installation, Maintenance & Repair 5,400
Personal Care Service 5,710
Building & Grounds Cleaning & Maintenance 4,710
Healthcare Support 3,490
Computer and Mathematical Occupations 3,690
Architecture & Engineering 1,890
Art, Design, Entertainment, Sports & Media 1,840
Protective Services 1,750
Community &Social Service Occupations 1,510
Life, Physical & Social Sciences 990
Legal 670
Farming, Fishing & Forestry 380

Source: BLS, Occupational Employment Statistics, May 2014