- The unemployment rate drop was biggest for minority groups, with Asian Americans seeing a 0.9 percentage point decline in their rate, to 6.7%.
- The participation rate for prime-age men — those ages 25-54 — fell a half percentage point to 87.4%, the lowest since May. It declined by 0.1 point among women in the same age group.
- Black Americans saw a drop to 10.3% from 10.8% in October and the Hispanic unemployment rate fell to 8.4% from 8.8%.
- That compares with a drop of just 0.1 percentage point for White Americans, who continue to see the lowest unemployment rate among the largest race groups, at 5.9%.
*Originally published in Crain’s Detroit Business.