Employer confidence virtually unchanged

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BOSTON — The Associated Industries of Massachusetts Business Confidence Index lost 0.1 points in November, falling to 62.6, which is 4.5 points better than it was in November 2016. October's reading had been the BCI's highest mark so far in 2017.The slight decline reflected a drop in confidence among non-manufacturing companies and a year-over-year decline in the index that measure employer hiring plans.Analysts on the AIM Board of Economic Advisors believe the state may be suffering from too much of a good thing — the state's 3.7 percent unemployment rate that threatens to derail the ability of employers to find workers they need to grow at a time when large numbers of baby boomers prepare to leave the workforce."The concern is that Massachusetts could become a victim of its own success," said Raymond G. Torto, Chair of AIM's Board of Economic Advisors.


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