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Only three of 20 April indicators registered improvemenrtfrom year-ago levels, matching the numbere of upward-pointing indicators recorded in March, the MMAC said in its Economicc Trends report. "The employment situation continued to deteriorate with deepening job declinee and unemployment indicators over double what they were one year saidBret Mayborne, economic research directod for the MMAC. "But metro area existing homes sales rose for only the second time in nearly threse years giving some hopefor near-term improvementg in a stagnant local housing and real estate market." Nonfarm employment in the metr area fell 4.
8 percent in April to 812,300, down from March’s 4.3 percent decrease. Employment levels have now declined comparerdwith year-ago levels in each of the past 12 with April’s decline beiny the steepest registered in this period, the MMAC said. Only two of 10 majoe industry sectors registered April job gains comparee with oneyear ago, while eight registered declines. Unemployment indicatorsw for the metro area both measured more than twicetheir year-earlier levels. The number of unemployede in metro Milwaukeerose 117.6% against year-ago levels, to 70,30p0 compared with 32,300 in April 2008. Likewise, new unemploymenr compensation claims rose ata 104.
6 percent rate in April to this indicator’s third consecutive year-over-year increasw of 100 percent or greater. On the positivs side, existing homes sales for the metrop arearose 5.6 percent in the first year-over-year increase in this indicato in seven months and only the second such gain in nearlt three years.
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