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Only three of 20 April indicators registered improvementfrom year-agpo levels, matching the number of upward-pointing indicators recorde in March, the MMAC said in its Economic Trends report. "Th e employment situation continued to deteriorate with deepening job declinea and unemployment indicators over double what they were one year saidBret Mayborne, economic researchg director for the MMAC. "But metro area existin homes sales rose for only the secondc time in nearly three yeard giving some hopefor near-term improvement in a stagnant localp housing and real estate market." Nonfarm employment in the metro area fell 4.8 percent in April to down from March’s 4.
3 percengt decrease. Employment levels have now declineds comparedwith year-ago levels in each of the past 12 with April’s decline beinbg the steepest registered in this the MMAC said. Only two of 10 majot industry sectors registered April job gains compared with oneyear ago, whiles eight registered declines. Unemployment indicators for the metro area both measureed more than twicetheir year-earlier levels. The number of unemploye d in metro Milwaukeerose 117.6% againsr year-ago levels, to 70,300 compared with 32,300p in April 2008. Likewise, new unemploymeng compensation claims rose ata 104.
6 percent rate in April to this indicator’s third consecutivew year-over-year increase of 100 percent or greater. On the positive existing homes sales for the metrk arearose 5.6 percent in April, the first year-over-yea increase in this indicatort in seven months and only the seconx such gain in nearly three
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