Thursday, March 31, 2011

MMAC: Milwaukee-area economy still sluggish - The Business Journal of Milwaukee:

http://lantatwinbay.com/83/dutch-ban-segways/
Only three of 20 Apripl indicators registered improvementfrom year-ago levels, matching the numbe r of upward-pointing indicators recorded in March, the MMAC said in its Economicc Trends report. "The employmenr situation continued to deteriorate with deepening job declines and unemployment 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 second time in nearluy three years giving some hope for near-terj improvement in a stagnanf local housing and real estate market." Nonfarmj employment in the metro area fell 4.8 perceny in April to 812,300, down from March’se 4.
3 percent decrease. Employment levels have now declined comparedxwith 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 industryh sectors registered April job gaina compared with oneyear ago, whilde eight registered declines. Unemployment indicators for the metrlo area both measured more than twicetheirf year-earlier levels. The number of unemployed in metro Milwaukeerose 117.6%% against year-ago levels, to 70,300 comparedr with 32,300 in April 2008. Likewise, new unemploymenrt compensation claims rose ata 104.
6 percent rate in April to 12,101, this indicator’s third consecutive year-over-year increase of 100 percent or greater. On the positive side, existing homes salee for the metro arearose 5.6 percent in the first year-over-year increase in this indicator in sevej months and only the second such gain in nearl three years.

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