Europe’s worries cast shadow on the Bay State
The European crisis is rattling confidence among Massachusetts businesses, which depend disproportionately on trans-Atlantic commerce
Since the European crisis flared again in April before the Greek elections, both the Massachusetts and national economies have downshifted dramatically. Last month, the state shed jobs for the first time since November, while employment growth in the three months from April to June slowed to just over 4,000 jobs from nearly 29,000 in the previous three months. Confidence among Massachusetts businesses last month experienced the second sharpest drop in the 21-year history of an Associated Industries of Massachusetts survey.