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In November, the overall unemployment rate in the United States increased slightly to 4.2% from 4.1% in October. However, certain demographic groups saw a more significant rise in joblessness. Black women experienced the largest increase, with their unemployment rate jumping to 6% from 4.9%. In comparison, the jobless rate for white women slightly increased to 3.4% from 3.3%.
Black workers as a group also saw a significant increase in unemployment, with their rate climbing to 6.4% from 5.7%. For Black men, the jobless rate was 6%, while it remained steady at 3.5% for white men. This trend indicates a cooling labor market that is still relatively strong but may be less beneficial for marginalized workers.
The overall labor force participation rate declined to 62.5% in November, with Black women’s rate dropping to 62.3% from 62.6% the previous month. Among Black men, the rate fell to 68.7% from 69.3%. Hispanic men also experienced a rise in unemployment, with their rate increasing to 4.4% from 4% in October.
While the labor market remains relatively strong, recent data suggests it may be less accommodating to certain demographic groups. The volatility in month-to-month data highlights the challenges faced by marginalized workers, especially amidst the ongoing pandemic.
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