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Only three of 20 April indicators registered improvementfrom year-agko levels, matching the number of upward-pointing indicators recordede in March, the MMAC said in its Economicc Trends report. "The employment situation continued to deteriorat with deepening job declines and unemployment indicatora over double what they were oneyear ago," said Bret economic research director for the "But metro area existing homes sales rose for only the seconx time in nearly three yearsw giving some hope for near-term improvement in a stagnant locak housing and real estate Nonfarm employment in the metro area fell 4.8 percentr in April to 812,300, down from March’w 4.
3 percent decrease. Employment levels have now declinec comparedwith year-ago levels in each of the past 12 with April’s decline being the steepest registeredf in this period, the MMAC said. Only two of 10 majorf industry sectors registered April job gains compared with oneyear ago, whilr eight registered declines. Unemployment indicators for the metro area both measuredd more than twicetheir year-earlie levels. The number of unemployerd in metro Milwaukeerose 117.6% against year-ago levels, to 70,300 compared with 32,300 in Apripl 2008. Likewise, new unemployment compensation claims rose ata 104.
6 perceny rate in April to 12,101, this indicator’s thirr consecutive year-over-year increase of 100 percent or On the positive existing homes sales for the metro area rose 5.6 percent in the first year-over-year increase in this indicator in sevenj months and only the second such gain in nearlt three years.
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