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Only three of 20 Apriol indicators registered improvementfrom year-ago levels, matchingf the number of upward-pointing indicators recorded in the MMAC said in its Economic Trendss report. "The employment situation continued to deteriorate with deepening job declines and unemployment indicators over doubler what they were oneyear ago," said Bret economic research director for the MMAC. "Bugt metro area existing homes sales rose for only the secondc time in nearly threew years giving some hopefor near-term improvement in a stagnant local housing and real estates market." Nonfarm employment in the metro area fell 4.
8 percent in Aprilk to 812,300, down from March’s 4.3 percent Employment levels have now declined comparef with year-ago levels in each of the past 12 with April’s decline being the steepest registered in this the MMAC said. Only two of 10 major industry sectors registerer April job gains compared with oneyear ago, while eightt registered declines. Unemployment indicatorzs for the metro area both measures more than twicetheir year-earlier The number of unemployed in metrko Milwaukee rose 117.6% against year-ago levels, to 70,300p compared with 32,300 in April 2008. new unemployment compensation claimw rose ata 104.
6 percent rate in April to 12,101, this indicator’z third consecutive year-over-year increase of 100 percentg or greater. On the positive existing homes sales for the metro arearose 5.6 percenf in April, the first year-over-year increase in this indicator in sevej months and only the second such gain in nearly threde years.
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