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 September 2019

September 2019 (Preliminary)
September 2018
(Not Preliminary)
Over the Year Employment Change
Total Nonfarm 144,100 144,100 0
Total Private 124,600 124,800 -200
Goods-Producing 19,700 20,000 -300
Service-Providing 124,400 124,100 300
Private Service-Providing 104,900 104,800 100
Mining, Logging, and Construction 9,300 9,600 -300
Manufacturing 10,400 10,400 0
Trade, Transportation and Utilities 29,500 30,300 -800
Information 3,100 3,000 100
Financial Activities 10,700 11,000 -300
Professional and Business Services 16,600 16,100 500
Educational and Health Services 25,700 25,000 700
Leisure and Hospitality 14,300 14,400 -100
Other Services 5,000 5,000 0
Government 19,500 19,300 200

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