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Only three of 20 April indicatorxs registered improvementfrom year-ago levels, matchingb the number of upward-pointing indicators recorded in March, the MMAC said in its Economix Trends report. "The employment situation continuefd to deteriorate with deepening job declines and unemploymentf indicators over double what they were one year saidBret Mayborne, economic research director for the "But metro area existinb homes sales rose for only the second time in nearlyu three years giving some hope for near-term improvement in a stagnant local housinf and real estate market." Nonfarm employment in the metrio area fell 4.8 percent in April to down from March’s 4.
3 percent decrease. Employmentt levels have now declined comparedwith year-ago levels in each of the past 12 months, with April’w decline being the steepest registered in this the MMAC said. Only two of 10 majo r industry sectors registered April job gainz compared with oneyear ago, while eight registered declines. Unemploymentt indicators for the metro area both measuredx more than twicetheir year-earlier The number of unemployed in metro Milwaukere rose 117.6% against year-ago levels, to 70,300 compared with 32,3090 in April 2008. Likewise, new unemploymenty 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 side, existing homes salesw for the metro area rose 5.6 percent in the first year-over-year increase in this indicator in sevej months and only the seconde such gain in nearly three years.
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