Unemployment among Asian workers and Black men rises in November while the overall rate declines

The labor market deteriorated for both Asian and Black workers in November, according to data released Friday by the U.S. Department of Labor.

The overall unemployment rate declined 0.2% to 3.7% last month, against a forecast that it would hold steady at 3.9%. Overall, the labor force participation rate ticked up to 62.8% alongside a surge of 532,000 workers into the labor force.

For white Americans, the jobless rate fell 0.2 percentage points to 3.3%. Hispanic Americans also saw their unemployment rate slip 0.2 percentage points to 4.6%.

On the other hand, Asian Americans saw a 0.4 percentage-point jump in the unemployment rate to 3.5%. This was accompanied by a decline in the participation rate for Asian workers to 65% from 65.3% in October.

"That uptick in unemployment is not because more Asian workers are flooding into the labor market, feeling optimistic about getting jobs. It's actually accompanied by a fall in participation as well as a fall in employment," Elise Gould, senior economist at the Economic Policy Institute, told CNBC.