Black Unemployment Rate Falls to 5.9%, Tying Record Low Hit Earlier this Year

Job seekers wait in line to speak with representative during the TechFair LA career fair in Los Angeles. (Patrick T. Fallon | Bloomberg | Getty Images)
Job seekers wait in line to speak with representative during the TechFair LA career fair in Los Angeles. (Patrick T. Fallon | Bloomberg | Getty Images)

The employment picture for black Americans is better than ever.

On Friday, the rate of unemployed Africans Americans in the United States fell 0.3 percent to 5.9 percent, a tying a new record low reached in May.

A better unemployment rate doesn’t tell the whole story though. The demographic still lags behind the national unemployment rate, which remained unchanged in November at 3.7 percent.

Compared to other demographics, blacks in America still have the highest rate of joblessness, according to the Bureau of Labor Statistics jobs report out Friday.

The unemployment rates for adult men is 3.3 percent and 3.4 percent for adult men and women, respectively. Whites have a 3.4 percent unemployment, the rate for Asians is 2.7 percent, while Hispanics have a 4.5 percent rate.

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SOURCE: Kate Rooney
CNBC