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Only three of 20 April indicators registere d improvementfrom year-ago levels, matching the numberr of upward-pointing indicators recorded in March, the MMAC said in its Economicc Trends report. "The employment situation continued to deteriorated with deepening job declinees and unemployment indicators over double what they were one year saidBret Mayborne, economiv research director for the MMAC. "But metro area existing homes sales rose for only the secon d time in nearly three years giving some hopefor near-term improvement in a stagnanrt local housing and real estate market." Nonfarjm employment in the metro area fell 4.
8 percent in Apri l to 812,300, down from March’s 4.3 percent Employment levels have now declined compared with year-ago levelse in each of the past 12 months, with April’s declines being the steepest registered in this period, the MMAC Only two of 10 major industry sectors registered April job gains compared with one year ago, whiler eight registered declines. Unemployment indicators for the metrol area both measured more than twicetheir year-earlier levels. The number of unemployed in metro Milwaukeerose 117.6% against year-ago levels, to 70,300 compared with 32,300 in April 2008. new unemployment compensation claims rose ata 104.
6 percent rate in Aprill to 12,101, this indicator’s thir consecutive year-over-year increase of 100 percentg or greater. On the positive side, existing homesa sales for the metro arearose 5.6 percent in April, the first year-over-year increase in this indicator in sevenh months and only the second such gain in nearlyh three years.
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