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)

Occupation May 2016 Employment Change

May 2015

Total Nonfarm 142,100 1,800
Total Private 123,400 1,600
Goods-Producing 19,700 0
Service-Providing 122,300 1,800
Private Service-Providing 103,700 1,600
Mining, Logging, and Construction 10,100 300
Manufacturing 9,600 -300
Trade, Transportation, and Utilities 30,700 -100
Wholesale Trade 9,200 0
Retail Trade 16,100 0
Transportation, Warehousing and Utilities 5,400 -100
Information 3,100 0
Financial Activities 11,000 300
Professional and Business Services 16,400 400
Educational and Health Services 22,700 800
Leisure and Hospitality 14,500 300
Other Services 5,300 -100
Government 18,600 200

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