Fargo, ND-MN

Fargo Metro Area industry wages have increased by 19.9% percent since 2001

2007-03-19T00:52:00.000-07:00

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Since 2001, industry wages increased in the Fargo Metro Area by a total of 19.9%. This is less than the growth in average industry wages for North Dakota and greater than the growth in industry wages for the nation as a whole.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Fargo Metro Area Industry Wages Exceed North Dakota, but Wages Lag Behind the United States Industry Wages

2007-02-27T21:54:00.000-08:00

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The average total wages in all industries in Fargo, ND-MN when analyzed can be described as medium-low when compared to other 2nd quarter of 2006 Metro Area wages throughout the nation. The average pay is 4.3 percent higher than the reported averages in the state of $30,009. The average pay was less than the national industry average of $40,259.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Fargo Five-Year Industry Employment Change

2007-02-11T13:24:00.000-08:00

In the Fargo, ND-MN metro area, the total number of jobs throughout all industries has increased by 10,621 total jobs between the 2nd Quarter of 2001 and 2nd Quarter of 2006.

Total Five-Year Employment Decline in the Fargo Metro Area

The Community care facilities for the elderly industry has lost the most employment with a total loss of 422 jobs in that time period. The declines in the Community care facilities for the elderly industry make up 29.3 percent of the employment lost during the period in Fargo, ND-MN.

Top 5 Industries
1. Community care facilities for the elderly (422 jobs lost)
2. Office supplies, stationery, and gift stores (181 jobs lost)
3. Grocery and Related Product Wholesalers (168 jobs lost)
4. Farm product raw material merch. whls. (162 jobs lost)
5. Electronic markets and agents and brokers (100 jobs lost)

Total Five-Year Employment Growth in the Fargo Metro Area

Of the industries (4-digit NAICS) in the area, the Individual and family services industry has accounted the most employment growth with a total of 429 employees finding new jobs in the industry. The employment growth in the Individual and family services industry makes up 6.5 percent of the total growth in Fargo.

Top 5 Industries
1. Individual and family services (429 new jobs)
2. Building equipment contractors (410 new jobs)
3. Depository credit intermediation (396 new jobs)
4. Full-service restaurants (363 new jobs)
5. Building foundation and exterior contractors (331 new jobs)

Given the 70 industries with industry data reported by the BLS in each quarter, 18 showed an escalation in the number employed, while 52 industries reported employment loss in the period.

The Fargo Metro Area: Five-Year Percentage Decline in Employment

The Community care facilities for the elderly industry has lost the largest percent of jobs, losing 65.7 percent of the jobs from 2001 to 2006. These have declined faster than the industry has seen in the North Dakota, where the industry reported a gain of 7.8 percent. The losses in the Community care facilities for the elderly industry in Fargo outpaced the United States industry losses overall. During this period, the United States gained 27.2 in percent of workers in the Community care facilities for the elderly industry.

Top 5 Industries
1. Community care facilities for the elderly (65.7 percent decline)
2. Office supplies, stationery, and gift stores (35.5 percent decline)
3. Farm product raw material merch. whls. (24.6 percent decline)
4. Lawn and garden equipment and supplies stores (22.4 percent decline)
5. Grocery and Related Product Wholesalers (17.1 percent decline)

The Fargo Metro Area: Five-Year Percentage Growth in Employment

The Medical and diagnostic laboratories industry has seen the largest percentage job growth, expanding by 80.1 percent from the 2nd quarter of 2001 to the 2nd quarter of 2006. This industry sector in Fargo has grow faster than the industry has grown in the State of North Dakota, where this industry saw a gain of 63.6 percent. The Medical and diagnostic laboratories industry in Fargo outpaced the US in terms of percent growth of industry employment. During this period, the US gained 20.3 percent.

Top 5 Industries
1. Medical and diagnostic laboratories (80.1 percent gain)
2. Other motor vehicle dealers (57.3 percent gain)
3. Professional and similar organizations (55.2 percent gain)
4. Shoe stores (51.6 percent gain)
5. Other specialty trade contractors (47.6 percent gain)

Total employment has increased by 12.3 percent since the 2nd Quarter of 2001. This is greater than growth in North Dakota, experiencing a gain of 7.9 percent since 2001 ( 2nd Quarter). The gains in the area were greater than than the gain felt at the national level of 2.6 percent.

Fargo One-Year Industry Employment Change

2007-01-24T09:49:00.000-08:00

Out of the 81 4-digit NAICS industries, 28 described an expansion of jobs throughout the time period, while 53 industries reported employment loss in the period.

Total One-Year Employment Decline in the Fargo Metro Area

Of the area's industries (4-digit NAICS), the Full-service restaurants industry experienced most substantial job loss, losing 110 jobs during the time period. The jobs lost in the Full-service restaurants industry make up 21.9 percent of the jobs lost during the period in Fargo, ND-MN.

Top 5 Industries
1. Full-service restaurants (110 jobs lost)
2. Book, periodical, and music stores (48 jobs lost)
3. Grocery and Related Product Wholesalers (47 jobs lost)
4. Office supplies, stationery, and gift stores (46 jobs lost)
5. Farm product raw material merch. whls. (36 jobs lost)

In the Fargo, ND-MN metro area, the aggregate employment for all industry sectors has increased by 2,140 total jobs from 2005 to 2006.

Total One-Year Employment Growth in the Fargo Metro Area

Out of the 4-digit NAICS industries, the Individual and family services industry has accounted the most employment growth with a total of 404 new jobs created in the period. The job growth in the Individual and family services industry makes up 15.6 percent of the growth in Fargo.

Top 5 Industries
1. Individual and family services (404 new jobs)
2. Management of companies and enterprises (286 new jobs)
3. Grocery stores (206 new jobs)
4. Computer systems design and related services (146 new jobs)
5. Nursing care facilities (120 new jobs)

The total number of jobs has increased by 2.2 percent from the reported values in 2005. These values are less than percent in North Dakota, which saw a gain of 2.6 percent from 2005 (2nd Quarter). The gains the area experienced were greater than than the gain seen for the United States of 2 percent.

The Fargo Metro Area: One-Year Percentage Growth in Employment

The Local messengers and local delivery industry has seen the largest percentage job growth, expanding by 37.0 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Fargo has increased employment faster than the growth seen in the industry for North Dakota, where this industry saw a gain of 5.9 percent. The Local messengers and local delivery industry in Fargo outpaced the national average, which felt a lost 0.4 percent in this industry.

Top 5 Industries
1. Local messengers and local delivery (37.0 percent gain)
2. Individual and family services (35.6 percent gain)
3. Other heavy construction (29.6 percent gain)
4. Other professional and technical services (15.7 percent gain)
5. Management of companies and enterprises (14.8 percent gain)

The Fargo Metro Area: One-Year Percentage Decline in Employment

The Unclassified industry has lost the largest amount of employment in terms of percentage, losing 57.1 percent of the jobs from the 2nd quarter of 2005 to 2nd quarter of 2006. The losses of the area have declined faster than the industry has experienced in the State of North Dakota, where the industry sector experienced a loss of 5.9 percent. The losses in the Unclassified industry in Fargo outpaced the United States in terms of percentage decline of industry employment. In this period, the United States gained 12.1 percent in terms of employees in the Unclassified industry.

Top 5 Industries
1. Unclassified (57.1 percent decline)
2. Book, periodical, and music stores (30.6 percent decline)
3. Independent artists, writers, and performers (26.7 percent decline)
4. Shoe stores (20.1 percent decline)
5. Waste collection (14.7 percent decline)

About: This report is part 1 of 6 in the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Income and Poverty in Fargo, ND-MN

2006-12-19T19:14:00.000-08:00

As the median household income witnessed a decline during the period of 2000 to 2005 in the Fargo, ND-MN metro area, the Race/Ethnicity category that saw the sharpest decline in median income was the Hispanic Race/Ethnicity category. This category went through a decline of 4.6 percent since 2000. The Hispanic population group was least impacted by the household income decline in Fargo, undergoing a 4.6 percent decline in household income level, since the year 2005.

Contrasted against to other Metropolitan Areas throughout the US, the Fargo metro area may be understood as having a medium-low rate of poverty among its population, accounting a rate of 11.0 percent of the population with family incomes below the 1999 poverty level. The Black or African American race/ethnicity demographic group, represents the largest rate of poverty with 38.1 percent of the population in 2000 living in poverty. Individuals aged Under 5 years are witness to the most percent living in poverty in Fargo, accounting 14.5 percent of this age group in the area living in poverty.

Compared to other MSAs throughout the nation, the Fargo metro area was reported to have a medium-low household income of $44,541 (Adjusted to 2005 Dollars). This is 9.1 percent higher than the median income in State of North Dakota of $40,487 and this is 10.3 percent lower than the median household income level in the US of $49,133.

The median household income has declined a small amount from the 2000 values (inflation adjusted). The median income has decreased to $44,108, posting a 1 percent decline. The Fargo, ND-MN MSA, when comparing total percent of decline, ranks 10 of 10 metro area in percent of decline for the household income level in the State of North Dakota. Fargo ranks 228 of 233 metro area when comparing total percent of decline in median income in the US.

The poverty rate in the Fargo, ND-MN Metro has increased by 1.1 percent from the levels reported in the Decennial Census of 2000, moving from 11 percent to 12.1 percent.

It was reported in 2000 that the Asian headed households had median household incomes of $27,025. This median is 39.3 percent less than the all households reported median in the area. Hispanic households in Fargo, ND-MN reported a median household income of $30,956, which is 30.5 percent less than the median reported for all households in the area. The American Indian and Alaska Native households in Fargo had a median household income level of $24,445, this was 45.1 percent less than the median for all households. In Fargo, ND-MN White headed households reported a median household income (2005 Dollars) of $45,320 according to the 2000 Dencennial Census, which was 1.7 percent greater than the median household income in 2000. Black or African American headed households had a median household income that was 4.6 percent less than the all population median published in the 2000 Census, with a median of $42,513.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Demographic Profile for Fargo, ND-MN

2006-12-03T02:24:00.000-08:00

Estimated since the year 2000, a high amount of people migrated into the Fargo metro area, with 2,128 people migrating in from outside the country. The immigration into Fargo makes up 57.7 percent of all immigration into North Dakota. This percent of international migration is high when compared to international migration per 2005 population.

The Census Bureau estimates in 2005 the median age in the Fargo metro area to be 33.0 years old. The median in Fargo is less than the median age in North Dakota of 39.1. Since 2000, the area has experienced an increase in the median age, when it was 31.5 years old. With a total of 11 percent of the 2005 population being made up of children and youth younger than 18, Fargo can be understood as having a medium-low proportion of youths. The working age population group (18-64) has a relatively high representation within the population, making up 67 percent of the population falling in this age category. The retirement (65 and over) group makes up 12 percent of the total population in the area. Compared to other metro areas in the US, this represents a medium-low proportion of the population.

The Fargo metropolitan statistical area (MSA) has a population that is made of 93.4 percent White, 1.1 percent African American, 1.1 percent Asian, and 2 percent Hispanic. The area population base can be described as having a very modest amount of racial and ethnic diversity, with 4.2 percent of minorities in the 2005 population base. This is greater than the State of North Dakota percent of 3. Since 2000, Fargo has increased in diversity when 3.8 percent of the population was made up of minorities.

The Fargo metro area had an estimated population of 184,857 in 2005. The estimated population has increased sharply, since its 2000 population of 174,679. This growth signifies an increase of 5.8 percent. Fargo ranks 1 of 3 MSAs when analyzing total population change in North Dakota and the metro area ranks 175 of 361 metro areas by growth in MSA population in the United States.

In terms of total land area, the Fargo metro area covers a total land area of 2810 square miles. This area has a medium-low density of 66 persons per square mile. Other metro areas with similar densities in the US include: -- more densely populated -- Madera (67 per sq. mile ), Laredo (67 per sq. mile ), Sioux City (69 per sq. mile ), -- less densely populated -- Mount Vernon-Anacortes (65 per sq. mile ), Amarillo (65 per sq. mile ), Jefferson City (64 per sq. mile ).

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Fargo

2006-11-11T20:18:00.000-08:00

Fargo had an owner-occupied dwelling median in 2005 of $123,700, according to the American Community Survey. This value is greater than the overall State of North Dakota 2005 home median value of $88,600 and less than median owner-occupied dwelling value of $167,500 across the nation during that year.

In Fargo, the U.S. Census Bureau, Population Division accounted for a total of 83,247 housing structures in 2005. The metro area has seen a medium-high growth level in the number housing units, adding a total of 8,183 housing units since the year 2001, or 10.9 percent.

The residential housing values in Fargo, North Dakota have seen large increases from the housing values in 2000. The residential values have increased by $29,500, or 31.3 percent, from their 2000 median values of $94,200.

In the State of North Dakota, Fargo is positioned 1 of the 3 metro areas by percent in growth of new residential structures. The metropolitan area places 49 of 361, comparing the percentage change in residential real estate in other US MSAs.

Fargo is made up of a small, but present proportion of high-valued homes. For the year 2005, the American Community Survey accounted that 0.7 percent of the homes were valued over $500,000.

It can be understood that there is a large amount of real estate that is affordable in Fargo, North Dakota. In 2005, 50.9 percent of the homes were valued under $125,000.

Data Source: U.S. Census Bureau

Employment Report for Fargo, ND, North Dakota -- Annual 2005 Industry Summary

2006-11-04T23:19:00.000-08:00

Professional and technical services in the period of 2001 to 2005 had the largest increase in employment in Fargo, ND, with an industry growth of 34.2 percent. This is greater than the change in industry employment in the United States of 2.6 percent. The State of North Dakota encountered a change in industry employment of 18.9 percent, from 2001 to 2005.

Information saw the largest loss of employment between the years 2001-2005 in the Fargo, ND Metro Area. The sector dealt with a loss of 188 total jobs during the period, accounting for 5.7 percent of jobs in the industry. The losses in this industry made up 100 percent of all Metro Area employment losses since 2001.

A well-paying sector in Fargo, ND is the information industry with an average annual wage of $51,299. From the year 2001, the annual average pay of the industry has grown by 33.3 percent or $12,809. The State of North Dakota shows a similar pattern in the information sector, placing near the top of sectors by 2004 industry pay.

In Fargo, ND, Wholesale trade, Management of companies and enterprises and Finance and insurance are the three industries with the highest location quotients. The Wholesale trade sector has a United State LQ of 1.46. The percent of employment in the Wholesale trade sector is 1.46 times more than the average percent in the United States, revealing signs that Fargo, ND may specialize, or be an exporter of Wholesale trade.

Management of companies and enterprises is the industry with the largest establishments in Fargo, ND Metropolitan Area (MSA), averaging 46 jobs per establishment, which is greater than the US industry average of 40 and greater than the North Dakota typical size of 36 for the Management of companies and enterprises industry.

In Fargo, ND, Retail Trade, Accommodation and food services, and the Manufacturing sectors are the largest industries, in terms of total number of jobs in 2005. The Retail Trade provides the most jobs and contributes 15.1 percent of all the jobs in the Metropolitain Area. This makes up 14,325 individuals. The Accommodation and food services and Manufacturing sectors provide 10.8 and 9.7 percent of all employment.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).