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 September 2018

Title
September 2018 (Preliminary)
September 2017
(Not Preliminary)
Over the Year Employment Change
Total Nonfarm 144,100 143,200 900
Total Private 125,000 124,000 1,000
Goods-Producing 20,200 19,500 700
Service-Providing 123,900 123,700 200
Private Service-Providing 104,800 104,500 300
Mining, Logging, and Construction 10,000 9,900 300
Manufacturing 10,200 9,900 300
Trade, Transportation and Utilities 30,300 30,300 0
Information 3,100 3,200 -100
Financial Activities 11,500 11,300 200
Professional and Business Services 15,700 15,800 -100
Educational and Health Services 25,100 24,400 700
Leisure and Hospitality 13,600 14,100 -500
Other Services 5,500 5,400 100
Government 19,100 19,200 -100

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