Overall unemployment rate moved down to 1.9% with the biggest shift in Construction, Mining, which gained 700 roles, based on the most recently available information published in June 2022.
Total employment in the Fargo, ND-MN market rose by 2,440 jobs in April and the unemployment rate decreased compared to the prior month by 80 bps to 1.9%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Fargo, ND-MN unemployment rate is 144 bps below the national rate which is a positive sign.
- Unemployment in the market is 140 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 7.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.3% . Key sectors include:
- Transportation & Utilities: 30,800; no change
- Education & Healthcare: 28,100; +200
- Government: 19,900; +200
- Business Services: 15,500; +300
- Restaurants & Hotels: 12,800; +200
- Financial Services: 11,300; no change
- Manufacturing: 10,500; +100
- Construction, Mining: 8,500; +700
- Other Jobs: 4,900; +100
- IT & Development: 2,800; no change
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.