Overall unemployment rate moved up to 1.5% with the biggest shift in Transportation & Utilities, which gained 200 roles, based on the most recently available information published in January 2022.
Total employment in the Fargo, ND-MN market declined by 795 jobs in November and the unemployment rate increased compared to the prior month by 10 bps to 1.5%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Fargo, ND-MN unemployment rate is 186 bps below the national rate which is a positive sign.
- Unemployment in the market is 40 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 10.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Transportation & Utilities: 31,800; +200
- Education & Healthcare: 28,600; -100
- Government: 20,100; +100
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.