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Why some of America’s biggest employers are backing Biden for president

With jobs top of mind for millions of Americans this election, Yahoo Finance took a look at how much money workers for the largest employers in each battleground state spent to support the presidential nominees during the current election cycle (2019-2020). Yahoo Finance’s Alexis Keenan shares the details.

Video Transcript

ZACK GUZMAN: The big story is the election. And to focus in on that, I want to take a look at how it's going to be a different story here in 2020 than in 2016. Obviously voters, as they head to the ballot box, are less likely to have a job when they're voting this time around.

But looking at those, how do employees that have jobs still-- how are they voting, in terms of their donations to either a Trump or a Biden campaign here, at some of the biggest employers in some key swing states? And our own Yahoo Finance's Alexis Keenan is taking a look at that.

And Alexis, I know you looked at donations coming from employees at some of these big companies in, specifically, some key swing states. You started with Walmart, the biggest employer out there here. What did the data say?

ALEXIS KEENAN: Hi, Zack. So yes, and actually, this is a look at the entire election cycle, so 2019 and 2020 donations. So these are employees who might still have their jobs and might not still have their jobs. But as you stated, the largest employer in the country, as well as in a majority of these battleground territories, these battleground states, is Walmart.

Four, in fact, of the battleground states, and I'm looking here at 12 states, as well as Maine's second district for a 13th sort of territory, if you will. Now, Walmart is the largest employer in Texas, Florida, North Carolina, and Pennsylvania.

And those, of course, are also some of the most consequential battleground territories, both for electoral votes as well as where some of the races are very, very tight. Today a RealClearPolitics average of polls has Biden up in Florida one percentage point, 29 electoral votes there, as well as one percentage point in Arizona with 11 electoral votes.

Now, Trump, on the other hand, is favored in that polling average, 1.2 percentage points in Texas with that whopping 38 electoral votes, and just 0.6-- a sliver, just a fraction-- in North Carolina with 15 electoral votes. Though the big takeaway here, though, is how these workers spent their money to fund these two campaigns.

Now, they tended to donate much more heavily to Biden's causes. All of the donations from these battleground state workers, though, they total about $3.15 million for Biden, as opposed to just $842,000 for Trump. Now, for these calculations, also keep in mind, though, that we're talking about direct donations to the campaigns as well as to PACs that directly fund these campaigns.

AKIKO FUJITA: So Alexis, I know you're looking at the overall election cycle here. But I am curious where the most money was raised when you look at the battleground states, at least in the numbers that you looked at. And how much of that actually slowed or picked up as a result of the pandemic?

ALEXIS KEENAN: So there was a huge amount of money raised, maybe not surprisingly, in Michigan, particularly among the workers in the largest state's employer, which is the University of Michigan. So a politically active group there-- not too surprising. Those folks brought in $1.1 million for Biden and just $80,000 for President Trump.

Also the University of Wisconsin that is a huge employer there, along with the state's health care arm, called UW Health, brought in $557,000 for Vice President Biden and also $21,000 only for President Trump. Also kind of interesting was the health care industry-- mentioned one of those there with University of Wisconsin.

But we also had Cleveland Clinic coming in as the largest employer in Ohio. And those employees there, they raised $237,000 for former vice president Biden and also just $67,000 for President Trump. You have also Banner Health, largest employer in Arizona-- another tight race there, $167,000 for Biden and $43,000 for Trump.

And finally, Mayo Clinic was a big one in Minnesota-- $329,000 there for Biden and $74,000 for President Trump.

ZACK GUZMAN: All right, Alexis Keenan breaking all that down. And clearly this matters, when we think about where people are putting their money and support. We'll see what happens here on Election Day. Appreciate you bringing us that.