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Only three of 20 April indicators registered improvemenftfrom year-ago levels, matching the number of upward-pointing indicators recorded in the MMAC said in its Economif Trends report. "The employment situation continued to deteriorate with deepening job declinesx and unemployment indicators over double what they were one year saidBret Mayborne, economic research director for the "But metro area existing homexs sales rose for only the secondr time in nearly three years giving some hope for near-term improvemen in a stagnant local housing and real estate Nonfarm employment in the metro area fell 4.8 percentr in April to 812,300, down from March’sw 4.3 percent decrease.
Employment levels have now declinedc comparedwith year-ago leveles in each of the past 12 with April’s decline being the steepest registered in this period, the MMAC Only two of 10 major industry sectorxs registered April job gains compared with one year ago, whilew eight registered declines. Unemployment indicators for the metrlo area both measured more than twicetheir year-earlier The number of unemployed in metrio Milwaukee rose 117.6% against year-ago to 70,300 compared with 32,300o in April 2008. Likewise, new unemploymen compensation claims rose ata 104.
6 percengt rate in April to 12,101, this indicator’s thirds consecutive year-over-year increase of 100 percent or On the positive side, existinfg homes sales for the metro area rose 5.6 percen t in April, the first year-over-year increase in this indicatord in seven months and only the second such gain in nearlhy three years.
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