The Results of a Record Year
Indiana By the Numbers: 2025
Higher Wages $39.70 Per hour average new-job wage
+10% Year over year increase
Highest Wage growth in the 20-year history of the IEDC
Stronger Growth 5.2% Wage increase Compared to 3.9% U.S.
3.6% From 4.4% unemployment drop While the national rate increased
2.6% Real GDP growth Indiana outperformed the nation and the Midwest • U.S. 2.1% • Ohio 1.4% • Illinois 1.3% • Kentucky 0.9% • Michigan 0.4%
Better Taxpayer Value 68% Decrease year-over-year of incentive dollars spent per job
$3 49 M Saved for Hoosier taxpayers
SOURCE: Indiana University Kelley School of Business, Indiana Business Research Center, 2026 Forecast for Indiana, P. Powell 2025
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Office of Commerce 2025
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