Overall unemployment rate stayed flat at 1.7% with the biggest shift in Restaurants & Hotels, which gained 600 roles, based on the most recently available information published in September 2022.

Total employment in the Fargo, ND-MN market declined by 18 jobs in August and the unemployment rate stayed flat. The national unemployment rate stayed flat over the same time period at 3.8%.

  • Fargo, ND-MN unemployment rate is 209 bps below the national rate which is a positive sign.
  • Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in August versus prior month by 7.2% and are down compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Fargo, ND-MN Unemployment August 2022

For key employment segments of the market, total jobs grew by 1.4% . Key sectors include:

  • Transportation & Utilities: 31,600; +200
  • Education & Healthcare: 28,600; +200
  • Government: 17,400; +600
  • Business Services: 16,400; +400
  • Restaurants & Hotels: 13,600; +600
  • Financial Services: 11,200; no change
  • Manufacturing: 10,700; no change
  • Construction, Mining: 10,000; no change
  • Other Jobs: 5,100; no change
  • IT & Development: 2,800; no change
Fargo, ND-MN Unemployment by Industry August 2022

Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.