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Indiana University's Job Cuts Weigh on Bloomington's Economy

11/6/2025

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Summary

Story summary

Economist Phil Powell says Indiana University's job reductions have hurt Bloomington's economy, with wages down 6.2% in the past year.
Powell notes the regional job market remains lackluster despite 3.3% growth in area small businesses.
He highlights the resilience of Bloomington's private sector and points to the Trades District as a hub for innovation.
Powell predicts muted regional growth and says local businesses could offset declines in higher education.

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Story summary

Economist Phil Powell says Indiana University's job reductions have hurt Bloomington's economy, with wages down 6.2% in the past year.
Powell notes the regional job market remains lackluster despite 3.3% growth in area small businesses.
He highlights the resilience of Bloomington's private sector and points to the Trades District as a hub for innovation.
Powell predicts muted regional growth and says local businesses could offset declines in higher education.