Employer Confidence Creeps into Optimistic Territory
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BOSTON Massachusetts employers began 2021 by turning optimistic for the first time since the COVID-19 pandemic shut down large swaths of the state and national economies last spring.
The Associated Industries of Massachusetts (AIM) Business Confidence Index climbed to 52.4 during January, surpassing the 50 mark that denotes an optimistic view of the economy. The reading was 14 points higher than its 2020 nadir in April, but still almost 10 points below where it was in January 2020.
The confidence report comes as Massachusetts continues a halting and uneven economic recovery. The good news is that the state grew at a 7.9% annual rate in the fourth quarter, double the national pace. The sobering news is that the Massachusetts unemployment rate surged to 7.4% during December.
Employer Confidence Flat in Massachusetts as 2020 Ends
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