GFMEDC Releases September Economic Indicators

The unemployment rate for the Fargo Moorhead MSA sits at 3.0% compared to a national unemployment rate at 7.3% (not seasonally adjusted). North Dakota’s unemployment sits at 2.7% (August 2013).

Housing starts for the MSA total 1,970 year-to-date compared to 1,141 last year a 73% change.

Total passengers at Hector International Airport also shows 11.4% growth compared to the same time last year with 68,126 August 2013 compared to 61,142 August 2012.

Second quarter 2013 taxable sales for Cass County was $783,514,666 a change of 1.1% (compared to the same time the previous year) at $775,327,718.

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

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