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 2017
Average Weekly Wage, Total all industries $760 $797 $832 $851 $884 $917 $922 $946
Change over previous year (%) 2.84 4.87 4.39 2.28 3.88 3.73 0.55 2.60

Source: Job Service ND; QCEW Unit

 

Wage Information- Clay County

Data 2010 2011 2012 2013 2014 2015 2016 2017
 Average Weekly Wage, Total all industries  $597 $632  $649  $666  $698  $726  $729 $761
Change over previous year (%)  0.0 5.86 2.69 2.62 4.80 4.01  0.41 4.39

Source: Job Service ND; QCEW Unit

 

Current Employment Statistics for Fargo-Moorhead MSA in November 2018

Title
November 2018 (Preliminary)
November 2017
(Not Preliminary)
Over the Year Employment Change
Total Nonfarm 143,900 143,600 300
Total Private 124,000 123,500 500
Goods-Producing 19,500 18,900 600
Service-Providing 124,400 124,700 -300
Private Service-Providing 104,500 104,600 -100
Mining, Logging, and Construction 9,400 9,000 400
Manufacturing 10,100 9,900 200
Trade, Transportation and Utilities 30,600 30,700 -100
Information 3,000 3,100 -100
Financial Activities 11,500 11,300 200
Professional and Business Services 15,400 15,700 -300
Educational and Health Services 25,400 24,500 900
Leisure and Hospitality 13,000 13,800 -800
Other Services 5,600 5,500 100
Government 19,900 20,100 -200

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