Unemployment Rate Holds Steady in December; 85,000 Jobs Lost

The latest unemployment figures are in and it's not pretty. Employers shed 85,000 jobs in December although the unemployment rate was steady at 10%. This means that an increasing number of unemployed people are giving up - once people stop looking for jobs, they're no longer counted as unemployed. The industry as a whole and especially the on-premise won't see much of a boost until unemployment improves and Americans gain back some confidence. Credit Suisse economist Jonathan Basile told the