Greater Fargo Moorhead EDC Releases June Economic Indicators

The unemployment rate for the Fargo Moorhead MSA sits at 3.1% compared to a national unemployment rate at 7.3% (not seasonally adjusted). North Dakota’s unemployment sits at 2.8% (May 2013).

Housing starts for the MSA totals 855 year-to-date compared to 602 last year a 42% change.

Total passengers at Hector International Airport also shows a 1.9% growth compared to the same time last year with 60,952, May 2013 compared to 59,810 May 2012.

About the economic indicators: On a monthly basis, the GFMEDC gathers data that provides a glimpse of the region’s economic health and stability. Data is collected from Job Service North Dakota’s Workforce Intelligence Network, Minnesota Department of Employment and Economic Development, National Association of Homebuilders, Hector International Airport and the North Dakota Office of State Tax Commissioner. The Fargo, N.D. – Minn. Metropolitan Statistical Area (referred to as the Fargo Moorhead MSA) is delineated by the Office of Management and Budget as the region of Cass County, N.D. and Clay County, Minn.

For more information or a look at historical data, please go to the GFMEDC’s website at http://www.gfmedc.com/economic-indicators/

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