Economy

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Hispanic-Americans Play Growing Role in the Economy

Economy News | September 16, 2021

Editor’s Note: Eduardo Crespo, an immigrant from Ecuador, is a bilingual/bi-cultural professional and founder/CEO of AIM member Hispanic Market Solution, Lawrence. President George H. W. Bush proclaimed the first Hispanic Heritage Month on September 14, 1989, to honor the achievements of Hispanic Americans. September 15 was chosen as the date of commemoration because it is […]

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Collaboration Seeks to Address Loss of Women from the Workforce

Economy News | September 12, 2021

Associated Industries of Massachusetts and the Boston Women’s Workforce Council today announced a collaboration to help employers stem the staggering loss of women from the workforce during the COVID-19 pandemic. The project will work with Massachusetts employers to develop policies that encourage women and other caregivers to return to the workforce. The two organizations will […]

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Government Issues Vaccine Mandate for Large Employers

Economy HR & Employment Law News | September 9, 2021

Private employers with 100 or more workers will be required to mandate COVID-19 vaccines or weekly testing under a rule announced this afternoon by President Joe Biden. The rule, which will be issued in the next several weeks through the Occupational Safety and Health Administration (OSHA), could impact as many as 80 million workers. Companies […]

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COVID, Worker Shortages Dampen Business Confidence

Economy News | September 6, 2021

Resurgent COVID-19 cases, persistent worker shortages and supply chain disruptions combined to dampen business confidence in Massachusetts during August. The Associated Industries of Massachusetts Business Confidence Index (BCI) declined 3.6 points to 62.0 after hitting a three-year high during July. The BCI remains 16 points higher than a year ago. Employers grew less optimistic last […]

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Boston Businesses Open to the Public Face Mask Mandate

Economy HR & Employment Law News | August 24, 2021

Employees and customers of Boston businesses that are open to the public – including restaurants and retail establishments – will be required to wear masks beginning Friday under a new mandate imposed by Acting Mayor Kim Janey.  The mandate is part of the city’s “Five-Point Plan for the Delta Variant” and was issued in response […]

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New Leaders Set Direction for AIM Board of Economic Advisors

Economy News | August 16, 2021

The Associated Industries of Massachusetts Board of Economic Advisors, which oversees the monthly AIM Business Confidence Index (BCI), has new leadership as the Index marks its 30th anniversary. Sara L. Johnson, Executive Director of Global Economics at London-based IHS Markit, has been named Chair of the 13-member Board of Economic Advisors. Michael A. Tyler, CFA, […]

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Government Must Lead on COVID Response

Economy | August 11, 2021

UPDATE – August 12, 2021 AIM’s position is clear: the state, not individual business owners, should lead the response to the current public health emergency.

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Business Confidence Hits Three-Year High

Economy News | August 6, 2021

Confidence among Massachusetts employers rose to its highest level in more than three years last month as the state and national economies continued to expand despite renewed COVID-19 outbreaks. The Associated Industries of Massachusetts Business Confidence Index (BCI) marked its 30th anniversary in July by rising 2.2 points to 65.6, some 20 points higher than […]

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Confidence Index Traces 30 Years of Employer Sentiment

Economy News | August 6, 2021

The year 1991 was an eventful one. The Soviet Union ceased to exist. The Dow Jones Industrial average topped 3,000 for the first time. Larry Bird played his final season with the Boston Celtics. And Associated Industries of Massachusetts (AIM) quietly initiated a business confidence survey that for three decades has gauged the outlook of […]

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State Sends Re-Calculated Unemployment Insurance Rates

Economy HR & Employment Law News | July 16, 2021

The state has re-calculated unemployment insurance (UI) taxes for 2021 to reflect a law passed in May to moderate staggering COVID-related increases to the UI solvency fund. The Massachusetts Department of Unemployment Assistance notified employers Thursday that it has removed COVID-19 related charges from the solvency fund and charged them to a newly created COVID-19 […]

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