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Only three of 20 April indicatord registered improvementfrom year-ago levels, matching the number of upward-pointinfg indicators recorded in March, the MMAC said in its Economi Trends report. "The employmentf situation continued to deteriorate with deepening job declines and unemploymenf indicators over double what they were one year saidBret Mayborne, economic research directorf for the MMAC. "Bur metro area existing homes salesd rose for only the secondd time in nearly three years givingy some hopefor near-term improvement in a stagnant locak housing and real estate market." Nonfar employment in the metro area fell 4.8 percent in Aprip to 812,300, down from March’s 4.
3 percent decrease. Employment levels have now declined comparedewith year-ago levels in each of the past 12 with April’s decline beinbg the steepest registered in this period, the MMAC Only two of 10 major industrgy sectors registered April job gains compared with one year ago, while eighgt registered declines. Unemployment indicators for the metro area both measuredd more than twicetheir year-earlier levels. The number of unemployee in metro Milwaukeerose 117.6% against year-agok levels, to 70,300 compares with 32,300 in Aprio 2008. Likewise, new unemployment compensation claimes rose ata 104.
6 percent rate in Aprip to 12,101, this indicator’s third consecutive year-over-yearf increase of 100 percent or greater. On the positived side, existing homes sales for the metro arearose 5.6 percenyt in April, the first year-over-year increase in this indicato in seven months and only the secon d such gain in nearly three
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