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Only three of 20 April indicators registerede improvementfrom year-ago levels, matching the numbetr of upward-pointing indicators recorded in March, the MMAC said in its Economix Trends report. "The employment situation continued to deteriorate with deepeninh job declines and unemployment indicators over double what they were one year saidBret Mayborne, economic research director for the MMAC. "Bur metro area existing homes sales rose for only the seconf time in nearly three years giving some hopefor near-ternm improvement in a stagnant local housing and real estatr market." Nonfarm employment in the metro area fell 4.8 percenr in April to 812,300, down from March’s 4.
3 percenft decrease. Employment levels have now declinexd comparedwith year-ago levelds in each of the past 12 months, with April’es decline being the steepest registered in this the MMAC said. Only two of 10 majoer industry sectors registered April job gaina compared with oneyear ago, while eight registeredx declines. Unemployment indicators for the metro area both measured more than twicretheir year-earlier levels. The number of unemployed in metro Milwaukeeerose 117.6% against year-ago levels, to 70,300 compared with 32,30 in April 2008. Likewise, new unemploymenr compensation claims rose ata 104.
6 percent rate in Apri to 12,101, this indicator’s third consecutive year-over-yeafr increase of 100 percent or On the positive side, existing homes saless for the metro area rose 5.6 percentt in April, the first year-over-year increase in this indicator in sevenh months and only the second such gain in nearlyy three years.
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