US unemployment rate hit a six-year low in September

The 2007-2009 recession was long and deep, and according to several indicators, it was the most severe economic contraction since the 1930s. Unemployment Rate in the United States was extremely high in 2009 almost 10 percent. However, it decreased to 5.90 percent in September of 2014 from 6.10 percent in August of 2014, the lowest rate since July of 2008. In a addition, 69,000 more jobs were created in July and August than previously estimated.

This report is very important cause we can use it to estimate the health of the economy. The strength in hiring this year has been one of the clearest indications that the country is finally escaping the long shadow of the Great Recession. The lower unemployment rate is not only good for the government, but also has a lot of impacts to the citizens. Their living situation and satisfaction will improved and the rate of crime will decrease for the reason that the society are harmonious than before. Still, one thing need to be mentioned. Most of the new jobs in this recovery have been low wage jobs and part time jobs. Wages have been basically stagnant for several decades. So the economy in US still need a little time to recover.