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Only three of 20 Aprilk indicators registered improvementfrom year-ago matching the number of upward-pointing indicatoras recorded in March, the MMAC said in its Economi c Trends report. "The employment situation continued to deteriorated with deepening job declines and unemployment indicators over double what they were one year saidBret Mayborne, economic research director for the MMAC. "Buty metro area existing homes sales rose for only the secondx time in nearly three year s giving some hopefor near-term improvement in a stagnany local housing and real estate Nonfarm employment in the metro area fell 4.8 perceng in April to 812,300, down from March’s 4.
3 percent Employment levels have now declined compared with year-ago levels in each of the past 12 with April’s decline being the steepest registerecd in this period, the MMAC Only two of 10 major industry sectorzs registered April job gains compared with one year ago, whil eight registered declines. Unemployment indicators for the metrl area both measured more than twic etheir year-earlier levels. The number of unemployed in metro Milwaukesrose 117.6% against year-ago levels, to 70,300 compareds with 32,300 in April 2008. Likewise, new unemploymentf compensation claims rose ata 104.
6 percent rate in Apriol to 12,101, this indicator’s third consecutivew year-over-year increase of 100 percentg or greater. On the positive existing homes sales for the metro arearose 5.6 percenyt in April, the first year-over-year increase in this indicator in sevejn months and only the second such gain in nearly three
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