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Only three of 20 Aprikl indicators registered improvementfrom year-ago levels, matching the number of upward-pointingh indicators recorded in March, the MMAC said in its Economixc Trends report. "The employment situatiohn continued to deteriorate with deepeninfg job declines and unemployment indicators over double what they were one year saidBret Mayborne, economic research directodr for the MMAC. "But metr o area existing homes sales rose for only the second time in nearlt three years giving some hopefor near-tern improvement in a stagnant local housing and real estated market." Nonfarm employment in the metroo area fell 4.
8 percenf in April to 812,300, down from March’s 4.3 percenty decrease. Employment levels have now declines comparedwith year-ago levels 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 gainse compared with one year ago, whilse eight registered declines. Unemploymengt indicators for the metro area both measurexd more than twicetheir year-earlier levels. The number of unemploye d in metro Milwaukeerose 117.6% against year-agpo levels, to 70,300 compared with 32,300 in Aprilp 2008. Likewise, new unemployment compensation claims rose ata 104.
6 percentf rate in April to 12,101, this indicator’s third consecutive year-over-year increase of 100 percent or greater. On the positivw side, existing homes saleds for the metro arearose 5.6 perceny in April, the first year-over-yea increase in this indicatoe in seven months and only the seconds such gain in nearly three
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