![]() ![]() ![]() That 50.1% confidence score is eight points lower than employers reported this time last year and 8.6 points lower than the sudden high seen in November of 2022, when confidence hit 58.7%.Īccording to those surveyed, the economy may be showing signs of a slowdown after 10 consecutive raises to the Federal Reserve’s key interest rate, but while the job market continues to show no signs of slowed wage growth employers are worried and starting to wonder if fed Chair Jerome Powell’s hoped for “soft landing” will ever come to be. ![]() At the same time, however, the report on Friday that US employers created 253,000 jobs in April shows that the employment market continues to defy the gravity of any slowdown,” Sara Johnson, the chair of AIM’s Board of Economic Advisors said with the release of the report. “Businesses report that some customers are postponing buying decisions as they evaluate whether the economy is headed for a soft landing or a recession. The Associated Industries of Massachusetts, in its monthly Business Confidence Index, said confidence among businesses fell 1.4 points from March to April, dropping from 51.5% to 50.1%, a level which the business association says is “essentially even” with the “the 50 mark that separates optimistic from pessimistic outlooks.” Confidence among the state’s employers has fallen to its lowest level in more than a year, a survey of Massachusetts businesses shows. ![]()
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