Employer Confidence Weakens During June
Confidence among Massachusetts employers weakened considerably during June as tariffs, rising raw-material costs, and approval of paid family and medical leave in the Bay State raised concerns about business growth. The Associated Industries of Massachusetts (AIM) Business Confidence Index dropped 5.3 points to 61.3 last month, its lowest level since August 2017. Confidence remains well within the optimistic range, but the June decline left the BCI slightly below its level of a year ago.