Massachusetts employers gave a big “Bah Humbug” to the year-end economy as business confidence withered in the face of a government shutdown and the largest one-month stock market decline since the Great Depression.
Associated Industries of Massachusetts reported Tuesday that its business confidence index rose 0.6 points to 61.6, with any reading above 50 considered in positive territory.
The cost of health care sits atop the list of concerns for major Massachusetts employers heading into 2019, according one of the state’s leading business trade groups.
Confidence among employers in Massachusetts dipped in June to its lowest level since August 2017.
Business leaders in Massachusetts say they want to reduce the number of unnecessary visits to hospital emergency rooms.
Optimism among manufacturers, a sector targeted for assistance from President Donald Trump, helped lift the latest Massachusetts business confidence reading to a 13-year high.
Despite slowdowns in the state and national economies employers in Massachusetts are more confident about the business environment than any time in the last 12 years, a survey by the Associated Industries of Massachusetts (AIM) found, though there are signs of more trouble ahead.
Massachusetts employers were more confident about the business environment last month than anytime in the last 12 years, a survey by the Associated Industries of Massachusetts found, with their hopes bolstered by a strong state economy and the prospect of business-friendly initiatives advancing at the federal level.
Buoyed by rallying financial markets, the lowest state unemployment rate in more than 15 years and the election of Donald Trump, employer confidence in Massachusetts rose to its highest point in more than a year, Associated Industries of Massachusetts said Tuesday.