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By Staff | Apr 15, 2013

Thursday, April 7, 1937

In the final round of play of the volleyball teams last Monday evening at the high school gymnasium, James Moffatt’s team eked out a win over the other four teams. At a later date the losing team will entertain the champions at a luncheon.

Thursday, April 4, 1963

Students who plan to enter Rugby High School as freshmen next year will take placement tests Tuesday, April 9. Students should report to the Rugby Junior High School at 9:00. The tests will take until about noon.

Monday, April 4, 1988

North Dakota’s non-farm economy is expected to sustain a moderate rate of growth over the next two years, according to an economic forecasting model maintained by research economists at the Federal Reserve Bank of Minneapolis.

The model predicts that non-farm employment, which rose at a 2.8% annual rate in the fourth quarter, will grow by 1.8% this year and 1.6% the next year. Non-farm earned income is predicted to grow by 1.7% in 1988 and 2% in 1989. The state’s unemployment rate is expected to rise to 6% this year and then drop to 5.6% next year.

Fed economist Dick Todd says continued strong farm export demand may contribute to the predicted expansion of North Dakota’s economy. He says, however, some recent announcements-of layoffs at the J.I. Case tractor factory in Fargo, and losses of about 85 jobs at 3M in Wahpeton- may cause the manufacturing sector to lag.

The model’s forecasts are published each quarter in “District Economic Conditions”, a newsletter produced by the Minnesota Fed’s research department.

As the nation’s central bank, the Federal Reserve System formulates monetary policy, serves as a bank regulator, provides banking services to financial institutions, oversees consumer protection laws, and handles the sale of government securities for the U.S. Treasury. The Federal Reserve Bank of Minneapolis, with branches in Helena, Mont., serves financial institutions in Minnesota, Montana, North and South Dakota, northwestern Wisconsin and the upper peninsula of Michigan.

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