Unemployment rate always has certain connection to economic growth and decay.  The unemployment rate in the United States dropped to 5.9% in September 2014. This has been the lowest rate ever since 2008.

Decrease in jobless rate is a sign for economic growth. The increment of US dollar index is bringing the country’s economy out of recession into recovery. The better the economy is, the more jobs can be offered to the public, and the better quality the jobs are. The article indicates that more than 240,000 job positions were offered in September, and 30% of them are professional and business services with relatively high-paying.

Due to the assumption that US dollar index will keep increase for a while in the future, it is also reasonable to assume that jobless rate will decrease further more.But, in order to make sure this decrease happens, firms needs to encourage more jobless people to look for and apply for jobs by adjusting wages higher. Right now there are around 100,000 jobless who are not looking for jobs. If firms offer more opportunities while more people are attempting for these opportunities, employment rate will increase even more.

The increase in employment rate means more money can be spent on goods and services, which will ultimately assists in capital cycle and improve the economy.  Therefore, it forms a beneficial cycle which economy will constantly get better.

Article link: http://www.cbc.ca/news/business/u-s-jobless-rate-drops-to-6-year-low-of-5-9-1.2786576