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pensation, which declined to 5,617, down 17.7 per cent from the March average of 6,824.
Activity among indicators which reflect the current state of the economy suggests "that the recession is not Quite ended. However there were signs of a bottoming out,’’ Gifford said. Among these indicators is the total unemployment rate which edged up to an adjusted 7 per cent from 6.9 per cent in March.
JOB Openings received by the VED were up by 17.5 per cent, and new business incorporations rose by 27.8 per cent. Average weekly earnings of manufacturing production workers rose to $152. 35, up from $150.98 in March. The valuation of building permits issued jumped by 220.6 per cent. Most of the increase, however, Gifford explained, was in the Norfolk-Portsmouth area. Over-the-year comparisons were slightly better in April than in March. Six of the indicators were above their year-ago levels in April; only four were up in March, u
78.1%