Transcript for Unemployment Rate Expected to Stay at 9.1 Percent
The unemployment rate has not budged in the last month holding steady now still at over 9% so. We're asking is there any hope for the millions of Americans looking for work weekend GMA anchor beyond -- guy is looking into that forest joins us now live from Washington with the latest good morning -- you be on the hey good morning -- at a government jobs report for the month of October. -- is due out this morning and it is expected to show that the unemployment rate stayed the same last month at nine point 1%. But we are expecting to hear that 90000 jobs were created last month and that's an indication that the economy is growing but slowly. Now we've seen few positive trends over the past few weeks that have led more economists to believe that the chances of entering another recession are receding. So here's some key factors and potential good nuggets to look at. Fewer people are applying for unemployment benefits companies have seen an increase in their orders to factories. And worker productivity appears to be on the rise now that saves companies money. And it is true that over the past couple of years companies have saved money by squeezing as much production out of the fewest employees necessary. But historically companies that have save money tend to start hiring more once demand starts to pick up. So Josh economic trend appears to be gradually improving but it is still so weak and it's such a slow pace that any obstacle can quickly -- --
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