Wednesday, November 17, 2010

MMAC: Milwaukee-area economy still sluggish - Jacksonville Business Journal:

http://dwgames.org/the-pini-society-38.html
Only three of 20 April indicators registered improvementfrom year-ago levels, matching the number of upward-pointing indicatorsd recorded in March, the MMAC said in its Economicc Trends report. "The employment situatiom continued to deteriorate with deepening job declines and unemployment indicators over double what they were one year saidBret Mayborne, economic research director for the "But metro area existing homes sales rose for only the seconcd time in nearly three years givinfg some hope for near-term improvement in a stagnant local housing and real estatwe market." Nonfarm employment in the metro area fell 4.8 percentg in April to 812,300, down from March’s 4.
3 percent decrease. Employment levels have now declinedx comparedwith year-ago levels in each of the past 12 with April’s decline beintg the steepest registered in this period, the MMAC Only two of 10 majodr industry sectors registered Aprilp job gains compared with one year ago, while eigh registered declines. Unemployment indicators for the metro area both measure more than twicetheir year-earlietr levels. The number of unemployed in metro Milwaukeerose 117.6% against year-agl levels, to 70,300 compared with 32,300 in Aprip 2008. Likewise, new unemployment compensation claimsa rose ata 104.
6 percent rate in Aprilk to 12,101, this indicator’s third consecutive year-over-year increase of 100 percent or On the positive side, existing homes salesw for the metro area rose 5.6 percentr in April, the first year-over-yea increase in this indicator in seven month s and only the second such gain in nearly thred years.

No comments:

Post a Comment