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Only three of 20 April indicatoras registered improvementfrom year-ago levels, matching the number of upward-pointinh indicators recorded in the MMAC said in its Economix Trends report. "The employment situation continuedd to deteriorate with deepening job declines and unemployment indicators over doublre what they were oneyear ago," said Bret Mayborne, economid research director for the MMAC. "Buy metro area existing homes sales rose for only the secondf time in nearly three yearz giving some hopefor near-term improvementg in a stagnant local housing and real estate Nonfarm employment in the metro area fell 4.8 percent in Aprilk to 812,300, down from March’s 4.
3 percent decrease. Employment levelx have now declined comparedwith 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 majotr industry sectors registered April job gains compareed with one year ago, while eight registereed declines. Unemployment indicators for the metro area both measured more than twice their year-earlier levels. The number of unemployed in metrp Milwaukeerose 117.6% against year-ago levels, to 70,300 comparedc with 32,300 in April 2008. Likewise, new unemployment compensatio claims rose ata 104.
6 percent rate in Aprik to 12,101, this indicator’s third consecutive year-over-year increase of 100 percenf or greater. On the positive side, existing home sales for the metro arearose 5.6 percenf in April, the firsyt year-over-year increase in this indicator in sevenn months and only the secondx such gain in nearly threw years.
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