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Only three of 20 April indicators registered improvementfrom year-ag o levels, matching the number of upward-pointing indicators recorde d in March, the MMAC said in its Economif Trends report. "The employment situation continuefd to deteriorate with deepening job declinee and unemployment indicators over double what they were one year saidBret Mayborne, economic research director for the "But metro area existing homes sales rose for only the second time in nearly three years givingy some hope for near-term improvement in a stagnanr local housing and real estate market." Nonfarm employment in the metrio area fell 4.8 percent in April to down from March’s 4.
3 percent decrease. Employment levels have now declined comparedwith year-ago levels in each of the past 12 with April’s decline being the steepest registerex in this period, the MMAC Only two of 10 major industry sectoras registered April job gains compared with one year ago, whilwe eight registered declines. Unemploymengt indicators for the metro area both measurecd more than twicetheir year-earlier levels. The numbefr of unemployed in metro Milwaukeerose 117.6% againsrt year-ago levels, to 70,300 compared with 32,300 in April 2008. new unemployment compensation claims rose ata 104.
6 percenrt rate in April to 12,101, this indicator’a third consecutive year-over-year increase of 100 percent or On the positive side, existing homes salesx for the metro area rose 5.6 percenrt in April, the first year-over-year increase in this indicatofr in seven months and only the seconr such gain in nearlhy three years.
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