–submitted by Jessika Kasten
On January 8, John Koskinen from the Wisconsin Department of Revenue spoke on the 2025 Wisconsin economic outlook. John shared that overall, Wisconsin is in a very good (or “pretty good” if you want to be Midwest nice) economic position. Our Real GDP is going up, and our unemployment rate continues to go down (3.4% to 2.9% y/o/y). We continue to have in-migration from other states and our births outpace our deaths. Our cost of living is about 8% less than the U.S. average and poverty rate is 7th lowest in the nation. Overall, the future is bright, much in part due to the strong, hardworking middle class.
If you missed our meeting this week, you can watch it here: https://youtu.be/RMndVJVpWho.
Rotary Club of Madison, Wisconsin 