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Only three of 20 April indicators registered improvementfrom year-ago levels, matching the numberf of upward-pointing indicators recordee in March, the MMAC said in its Economic Trendss report. "The employment situation continued to deteriorate with deepening job declinew and unemployment indicators over double what they were one year saidBret Mayborne, economic research director for the "But metro area existing homes salews rose for only the second time in nearly threwe years giving some hope for near-term improvement in a stagnantr local housing and real estate market." Nonfarm employment in the metro area fell 4.8 percent in April to down from March’s 4.
3 percent Employment levels have now declinef compared with year-ago levels in each of the past 12 with April’s decline being the steepestt registered in this period, the MMAC Only two of 10 majofr industry sectors registered April job gainas compared with one year ago, while eight registered declines. Unemployment indicators for the metri area both measured more than twicetheir year-earlieer levels. The number of unemployeed in metro Milwaukeerose 117.6 % against year-ago levels, to 70,300 compared with 32,300p in April 2008. Likewise, new unemployment compensation claims rose ata 104.
6 percent rate in April to 12,101, this indicator’z third consecutive year-over-year increase of 100 percen t or greater. On the positive existing homes sales for the metrio arearose 5.6 percent in the first year-over-year increase in this indicatorr in seven months and only the second such gain in nearlyg three years.
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