Overall unemployment rate moved down to 1.5% with the biggest shift in Government, which gained 600 roles, based on the most recently available information published in December 2022.
Total employment in the Grand Forks, ND-MN market rose by 554 jobs in October and the unemployment rate decreased compared to the prior month by 10 bps to 1.5%. The national unemployment rate increased by 8 bps over the same time to 3.4%.
- Grand Forks, ND-MN unemployment rate is 190 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 October versus prior month by 6.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 3.2% . Key sectors include:
- Government: 12,500; +600
- Transportation & Utilities: 10,200; +100
Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.