Investors are eagerly awaiting Friday's jobs report, which will shed light on how many Americans were hired in the month of December. And while most economists expect the unemployment rate to stay put at 7 percent, Societe Generale's chief U.S. economist, Aneta Markowska, expects the unemployment rate to drop below 7 percent for the first time since November 2008.
Markowska expects to see 225,000 on the nonfarm payrolls number, "but I think the interesting story will be the unemployment rate. We're looking for a 6-handle—6.9—so quite an important milestone," Markowska said on Thursday's episode of "Futures Now."
(Read more: Jobs report could show things are looking up)
The economist sees the unemployment rate continuing to drop throughout the year, which could pose a policy issue for the Federal Reserve.
As recently as in its December statement, the Federal Open Market Committee "reaffirmed its expectation that the current exceptionally low target range for the federal funds rate of 0 to ¼ percent will be appropriate at least as long as the unemployment rate remains above 6½ percent."