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 December 2017

Title
December 2017 (Preliminary)
December 2016
(Not Preliminary)
Over the Year Employment Change
Total Nonfarm 144,500 143,400 1,100
Total Private 125,000 123,900 1,100
Goods-Producing 19,800 18,700 1,100
Service-Providing 124,700 124,700 0
Private Service-Providing 105,200 105,200 0
Mining, Logging, and Construction 9,200 8,700 500
Manufacturing 10,600 10,000 600
Trade, Transportation and Utilities 30,900 31,400 -500
Information 3,100 3,200 -100
Financial Activities 11,600 11,300 300
Professional and Business Services 16,200 16,000 200
Educational and Health Services 24,100 23,700 400
Leisure and Hospitality 13,700 14,100 -400
Other Services 5,600 5,500 100
Government 19,500 19,500 0

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