Economic trends were mixed in metro region in April

Freeman Staff

June 2, 2015

MILWAUKEE —A report from the Metropolitan Milwaukee Association of Commerce indicated that economic factors for the metro area were mixed in April.

According to the monthly report issued June 2, 15 of 23 April indicators rose compared to one year ago, down marginally from the 16 positives in March. April’s total marks the smallest number of upward point indicators since May 2014.

“The pace of overall job growth improved from the 0.4 percent year-over-year gain registered in March to April’s 1.4 percent increase,” said Bret Mayborne, the MMAC’s economic research director. “Yet job growth was uneven with five major industry sectors showing year-over-year gains with an equal number registering employment losses.”

Highlights of the report include: employment in the metro area averaged 848,900 in April, a 1.4 percent increase from April 2014; among major industry sectors posting April year-over-year job increases, the business & professional services sector was up the most at 4.4 percent; the information sector recorded the sharpest decline at 2.1 percent. In addition, according to the report, average weekly earnings for manufacturing production workers rose 5.7 percent compared to the same period in 2014 and the average hourly earnings increased 6 percent.

www.mmac.org