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 2017
Employed 117,689 119,400 120,279 122,309 124,516 127,187 132,597 134,956
Change over previous year (%)  1.95 1.45 0.74 1.9 1.80 2.15  4.25 1.8
Unemployment Rate (%) 4.1 3.9 3.5 3.2 2.7 2.5 2.6 2.4

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 January 2018

Title
January 2018 (Preliminary)
January 2017
(Not Preliminary)
Over the Year Employment Change
Total Nonfarm 138,600 138,700 -100
Total Private 119,300 119,400 -100
Goods-Producing 17,200 16,800 400
Service-Providing 121,400 121,900 -500
Private Service-Providing 102,100 102,600 -500
Mining, Logging, and Construction 7,500 7,400 100
Manufacturing 9,700 9,400 300
Trade, Transportation and Utilities 29,900 30,300 -400
Information 3,000 3,200 -200
Financial Activities 11,200 11,200 0
Professional and Business Services 15,200 15,400 -200
Educational and Health Services 24,400 23,600 800
Leisure and Hospitality 12,900 13,600 -700
Other Services 5,500 5,300 200
Government 19,300 19,300 0

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