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Business confidence springs forward in Massachusetts
Michael P. Norton
State House News Service
BOSTON Business confidence in Massachusetts surged to an outright enthusiastic level in March, buoyed by COVID-19 vaccination progress and the final passage of a $1.9 trillion federal spending law.
The Associated Industries of Massachusetts monthly confidence index shot up by 4.5 points last month, capping a gain of 11.6 points since December. At 60.9 on a scale of 0 to 100, the index now rests comfortably in positive territory heading into the spring, marking a complete reversal from a year ago.
While the state s unemployment rate remains elevated at 7.1%, employers in recent months have continued to add jobs and appear more bullish about economic and vaccination prospects than they are bearish about the ongoing uptick in virus cases, according to the survey of about 140 employers.
Business confidence in Massachusetts surged to an outright enthusiastic level in March, buoyed by COVID-19 vaccination progress and the final passage of a $1.9 trillion federal spending law.
The Associated Industries of Massachusetts’ monthly confidence index shot up by 4.5 points last month, capping a gain of 11.6 points since December. At 60.9 on a scale of 0 to 100, the index now rests comfortably in positive territory heading into the spring, marking a complete reversal from a year ago.
While the state’s unemployment rate remains elevated at 7.1 percent, employers in recent months have continued to add jobs and appear more bullish about economic and vaccination prospects than they are bearish about the ongoing uptick in virus cases, according to the survey of about 140 employers.
Mass Employer Confidence Widespread Heading Into Spring wbur.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wbur.org Daily Mail and Mail on Sunday newspapers.
By State House News Service
Business confidence in Massachusetts surged to an outright enthusiastic level in March, buoyed by COVID-19 vaccination progress and the final passage of a $1.9 trillion federal spending law.
The Associated Industries of Massachusetts monthly confidence index shot up by 4.5 points last month, capping a gain of 11.6 points since December. At 60.9 on a scale of 0 to 100, the index now rests comfortably in positive territory heading into the spring, marking a complete reversal from a year ago.
While the state s unemployment rate remains elevated at 7.1 percent, employers in recent months have continued to add jobs and appear more bullish about economic and vaccination prospects than they are bearish about the ongoing uptick in virus cases, according to the survey of about 140 employers.