Overall unemployment rate moved down to 1.6% 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 328 jobs in May and the unemployment rate decreased compared to the prior month by 30 bps to 1.6%. The national unemployment rate increased by 4 bps over the same time to 3.4%.

  • Fargo, ND-MN unemployment rate is 178 bps below the national rate which is a positive sign.
  • Unemployment in the market is 100 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in May versus prior month by 10.3% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Fargo, ND-MN Unemployment May 2022

For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:

  • Transportation & Utilities: 30,900; +100
  • Education & Healthcare: 28,100; no change
  • Government: 19,600; -300
  • Business Services: 15,200; -200
  • Restaurants & Hotels: 12,800; +100
  • Financial Services: 11,300; -100
  • Manufacturing: 10,600; +200
  • Construction, Mining: 9,300; +700
  • Other Jobs: 4,900; no change
  • IT & Development: 2,800; no change
Fargo, ND-MN Unemployment by Industry May 2022

Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.