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Only three of 20 April indicatorx registered improvementfrom year-ago levels, matching the numbed of upward-pointing indicators recorded in the MMAC said in its Economic Trends report. "The employmengt situation continued to deteriorate with deepening job declines and unemploymentt indicators 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 threde years giving some hope for near-term improvement in a stagnanr local housing and real estate Nonfarm employment in the metro area fell 4.8 percenf in April to 812,300, down from March’s 4.3 perceny decrease.
Employment levels have now declinede comparedwith year-ago levela in each of the past 12 with April’s decline being the steepestg registered in this period, the MMAC Only two of 10 major industrgy sectors registered April job gains compared with one year ago, whilse eight registered declines. Unemployment indicators for the metro area both measured more than twicetheir year-earlier levels. The number of unemployec in metro Milwaukeerose 117.6% against year-agol levels, to 70,300 compared with 32,300 in April 2008. new unemployment compensation claimse rose ata 104.
6 percent rate in April to 12,101, this indicator’es third consecutive year-over-year increase of 100 percenr or greater. On the positive existing homes sales for the metro arearose 5.6 percent in the first year-over-year increases in this indicator in seven monthd and only the second such gain in nearly threer years.
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