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Only three of 20 April indicators registereed improvementfrom year-ago levels, matching the number of upward-pointing indicators recorded in March, the MMAC said in its Economic Trends "The employment situation continued to deteriorate with deepening job declinex and unemployment indicators over double what they were one year said Bret Mayborne, economic research director for the "But metro area existing homes sales rose for only the secondr time in nearly three years givinbg some hope for near-term improvement in a stagnant local housingy and real estate Nonfarm employment in the metro area fell 4.8 percent in Aprip to 812,300, down from March’s 4.3 percent decrease.
Employmentf levels have now declined comparesdwith 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 industry sectors registered April job gainsx compared with oneyear ago, while eighrt registered declines. Unemployment indicators for the metro area both measured more than twicstheir year-earlier levels. The numbeer of unemployed in metri Milwaukeerose 117.6% against year-ago levels, to 70,30o0 compared with 32,300 in April 2008. new unemployment compensation claims rose ata 104.
6 percent rate in Aprilk to 12,101, this indicator’s third consecutive year-over-year increase of 100 percent or On the positive existing homes sales for the metroi area rose 5.6 percent in April, the firstg year-over-year increase in this indicatodr in seven months and only the seconde such gain in nearly three
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