February Economic Indicators Released

The unemployment rate for the Fargo Moorhead MSA sits at 4.7% compared to a national unemployment rate at 8.5% (not seasonally adjusted). North Dakota’s unemployment sits at 4.3%.

Housing starts for the MSA totals 87 year-to-date compared to 53 last year.

Total passengers at Hector International Airport also shows 9% growth compared to the same time last year with 64,521 January 2013 compared to 58,742 January 2012.

Third quarter 2012 taxable sales for Cass County was up 9.4% (compared to the same time the previous year) at $824,200,648.

About the data:

On a monthly basis, the GFMEDC gathers data that provides a glimpse of the region’s economic health and stability. Data is collected from Job Service North Dakota’s Workforce Intelligence Network, Minnesota Department of Employment and Economic Development, National Association of Homebuilders, Hector International Airport and the North Dakota Office of State Tax Commissioner.

The Fargo, N.D. – Minn. Metropolitan Statistical Area (referred to as the Fargo Moorhead MSA) is delineated by the Office of Management and Budget as the region of Cass County, N.D. and Clay County, Minn.  Complete Economic Indicators

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