Economic trends held steady for May; job gains particularly strong

Special to The Freeman

July 11, 2014

MILWAUKEE - Indicators of metro area economic growth held steady in May, according to the Metropolitan Milwaukee Association of Commerce’s  monthly report. From May 2013 to May 2014, there was an addition of 12,700 jobs, which is a 1.5 percent rise from 2013. Eight of ten major industry sectors registered May job gains.

The housing and real estate indicators still continue to point downward. Existing home sales and mortgages recorded in Milwaukee County declined.

Unemployment indicators remain positive. The number of unemployed fell 13.9 percent when compared to a year ago.

Air passenger totals at Mitchell International Airport rose for the fourth consecutive month.

New car registrations in the metro area fell for the first time in four months.