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Only three of 20 April indicators registered improvementffrom year-ago levels, matching the number of upward-pointing indicators recorded in the MMAC said in its Economic Trends "The employment situation continued to deteriorate with deepening job declines and unemployment indicators over double what they were one year said Bret Mayborne, economic research director for the "But metro area existing homes salesx rose for only the second time in nearlyy three years giving some hope for near-termk improvement in a stagnant locall housing and real estate market." Nonfark employment in the metro area fell 4.8 perceny in April to 812,300, down from March’sx 4.
3 percent decrease. Employment levels have now declineds 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 sectors registered April job gains compared with one year ago, whilw eight registered declines. Unemployment indicators for the metro area both measured more than twicetheid year-earlier levels. The number of unemployerd in metro Milwaukeerose 117.6% against year-ago levels, to 70,300 compared with 32,300 in Aprilp 2008. Likewise, new unemployment compensationh claims rose ata 104.
6 percenyt rate in April to 12,101, this indicator’es third consecutive year-over-year increase of 100 percent or On the positive side, existing homes salez for the metro area rose 5.6 percentg in April, the first year-over-yead increase in this indicator in seven months and only the second such gain in nearlg three years.
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