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Fri Oct 5, 2012, 12:49 PM

White college educated adults are at Full Employment [View all]

Last edited Fri Oct 5, 2012, 01:49 PM - Edit history (3)

This is an important datum in understanding the electorate.

Deep down, the angry white man doesn't have that much to be angry about. White collar whites with their retirement in 401Ks had a nasty shock in the value of their house and a couple of years of employment anxiety, and a couple of years when their retirement funds were down. But today they do not fear dramatic *future* real estate losses, their retirement money is back to where it was before and their employment picture is on par with a normal economy. The fear-level for white-collar whites is much lower than in 2010.

So a lot of the recent economic optimism is probably coming from the middle-to-top. (And the two groups with greatest reason for pessimism, black and hispanic, will not be voting for Romney in any event.)

I see from replies that some clarification is in order. This OP does not say that everything in the world is fine or anything like that. It is about the fact that key Republican demographics are doing a lot better than key Democratic demographics, so the economic argument in the campaign is dulled by that. The groups opposed to Obama happen to be the groups that are being hurt least by the economy, and the groups whose situation has improved the most in the last two years.

"Full Employment" is a specific economic term. It is not 100% employment. It is the maximum non-inflationary employment level, which is around 96%. The Fed has a mandate to pursue both low inflation and full employment.

The unemployment rate for white college graduates as of September 2012 is somewhere below 4%, and would be considered more than full employment as a national number.

Folks may not realize how large the racial and educational employment gaps are. The current rate for someone of any race with a bachelors degree is 4.1% vs. less than HS at 11.3%. The current white rate, including all levels of education, is 7%, the black rate is 13.8%, the hispanic rate 9.9%.

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Reply White college educated adults are at Full Employment [View all]
cthulu2016 Oct 2012 OP
RagAss Oct 2012 #1
HereSince1628 Oct 2012 #29
R. Daneel Olivaw Oct 2012 #2
cthulu2016 Oct 2012 #8
MrDiaz Oct 2012 #20
cthulu2016 Oct 2012 #22
MrDiaz Oct 2012 #27
Permanut Oct 2012 #3
cthulu2016 Oct 2012 #9
Permanut Oct 2012 #12
laundry_queen Oct 2012 #28
Permanut Oct 2012 #30
laundry_queen Oct 2012 #33
FSogol Oct 2012 #4
snooper2 Oct 2012 #5
Taverner Oct 2012 #6
upaloopa Oct 2012 #7
cthulu2016 Oct 2012 #11
upaloopa Oct 2012 #16
PufPuf23 Oct 2012 #10
Le Taz Hot Oct 2012 #13
slackmaster Oct 2012 #25
JustABozoOnThisBus Oct 2012 #35
kestrel91316 Oct 2012 #14
Comrade_McKenzie Oct 2012 #15
NCTraveler Oct 2012 #17
cthulu2016 Oct 2012 #19
Tsiyu Oct 2012 #18
PowerToThePeople Oct 2012 #21
cthulu2016 Oct 2012 #24
supernova Oct 2012 #23
R. Daneel Olivaw Oct 2012 #26
GoCubsGo Oct 2012 #32
tritsofme Oct 2012 #31
JVS Oct 2012 #34