Black Unemployment Rate Up to 16 Percent

The American unemployment rate went up to 9.8 percent in November. It's looking worse for African Americans, too.

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The economy added only 39,000 jobs in November, and the unemployment rate rose to 9.8 percent. Fifteen million Americans are out of work. But when you break it down into slices of the population, the story is even worse.

Black Americans are unemployed at a rate of 16 percent, Hispanics at 13.2 percent, working-age men at 10 percent. 

Tax cuts for the rich? I'm sure the unemployed -- and those with jobs, for that matter -- won't be too happy about that.