Wednesday, November 30, 2016

ECRI notices what I noticed in September: Whites missed the job boat under Obama, have fewer jobs than nine years ago

My post was about full-time jobs, here in September. Asians, blacks and Hispanics all had net gains in full-time jobs from their respective 2007-2008 peaks through the second quarter of 2016, from 0.2 million to 1.5 million while whites still suffered from huge losses in full-time totaling 4.4 million. On a percentage basis minorities' gains ranged from 2% to 23% while white losses were 7%, the impact of which was so huge because whites represent 64% of the population. 

Mish's comment on the ECRI story here was this:

Minorities fared far better at job gains on a percentage basis than whites. 

While the ECRI story here concluded this:

Whites actually have fewer jobs than nine years ago, while Hispanics, Blacks and Asians together gained all of the net jobs added, and more.