Overall unemployment rate moved down to 1.4% with the biggest shift in Government, which gained 2,600 roles, based on the most recently available information published in November 2022.

Total employment in the Fargo, ND-MN market declined by 675 jobs in September and the unemployment rate decreased compared to the prior month by 30 bps to 1.4%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.

  • Fargo, ND-MN unemployment rate is 192 bps below the national rate which is a positive sign.
  • Unemployment in the market is 60 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in September versus prior month by 11% 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 September 2022

For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:

  • Transportation & Utilities: 31,400; -200
  • Education & Healthcare: 28,400; no change
  • Government: 20,000; +2,600
  • Business Services: 15,800; -500
  • Restaurants & Hotels: 13,200; no change
  • Financial Services: 10,900; -200
  • Manufacturing: 10,800; +100
  • Construction, Mining: 9,700; -300
  • Other Jobs: 5,000; -100
Fargo, ND-MN Unemployment by Industry September 2022

Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.