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 2018
Employed 117,689 119,400 120,314 122,258 124,433 127,455 132,487 134,186 133,395
Change over previous year (%)  1.95 1.45 0.77 1.62 1.78 2.43  3.95  1.28 -0.59
Unemployment Rate (%) 4.1 3.9 3.5 3.2 2.7 2.5 2.5 2.4 2.4

Source: Job Service ND; LAUS

Wage Information- Cass County

Data 2010 2011 2012 2013 2014 2015 2016 2017 2018
Average Weekly Wage, Total all industries $760 $797 $832 $851 $884 $917 $922 $946 $976
Change over previous year (%) 2.84 4.87 4.39 2.28 3.88 3.73 0.55 2.60 3.17

Source: Job Service ND; QCEW Unit

Wage Information- Clay County

Data 2010 2011 2012 2013 2014 2015 2016 2017 2018
 Average Weekly Wage, Total all industries  $597 $632  $649  $666  $698  $726  $729  $761 $787
Change over previous year (%)  0.00 5.86 2.69 2.62 4.80 4.01  0.41  4.39 3.42

Source: Job Service ND; QCEW Unit

Current Employment Statistics for Fargo-Moorhead MSA in June 2019

June 2019 (Preliminary)
June 2018
(Not Preliminary)
Over the Year Employment Change
Total Nonfarm 142,900 142,100 800
Total Private 124,300 123,700 600
Goods-Producing 19,700 19,700 0
Service-Providing 123,200 122,400 800
Private Service-Providing 104,600 104,000 600
Mining, Logging, and Construction 9,400 9,500 -100
Manufacturing 10,300 10,200 100
Trade, Transportation and Utilities 29,600 30,000 -400
Information 3,000 3,000 0
Financial Activities 10,700 11,100 -400
Professional and Business Services 16,900 16,100 800
Educational and Health Services 25,200 24,400 800
Leisure and Hospitality 14,200 14,500 -300
Other Services 5,000 4,900 100
Government 18,600 18,400 200

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