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 November 2019

November 2019 (Preliminary)
November 2018
(Not Preliminary)
Over the Year Employment Change
Total Nonfarm 146,000 143,700 2,300
Total Private 125,900 123,500 2,400
Goods-Producing 19,400 19,200 200
Service-Providing 126,600 124,500 2,100
Private Service-Providing 106,500 104,300 2,200
Mining, Logging, and Construction 9,000 8,800 200
Manufacturing 10,400 10,400 0
Trade, Transportation and Utilities 29,900 30,800 -900
Information 3,100 3,000 100
Financial Activities 10,900 11,000 -100
Professional and Business Services 17,100 15,800 1,300
Educational and Health Services 25,900 25,100 800
Leisure and Hospitality 14,600 13,600 1,000
Other Services 5,000 5,000 0
Government 20,100 20,200 -100

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