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The American jobs market, as revealed by reports today and over the past few weeks<\/a>, appears to be in a period of stellar growth. Despite the pessimism running rampant throughout global markets, and despite the severe downturn in US stocks this week, jobs appear to be returning in larger numbers.<\/p>\n <\/span>The results from today\u2019s Non-Farm Payrolls (NFP) data highlighted a significant uptick in US job growth<\/a>. Expectations were for the creation of approximately 89,000 new jobs. The report stated, in fact, that around 117,000 new jobs were formed over the past month instead. On top of the NFP report, Wednesday\u2019s ADP data on the private sector also showed similar growth, and Thursday\u2019s unemployment claims grew less than forecast.<\/p>\n The unemployment rate also declined from 9.2% to 9.1% alongside a 0.4% bump in average hourly earnings, month-on-month. Though many investors appear to be anticipating a return to recession, the summer employment reports don\u2019t seem to confirm this view. One of these outlooks is lagging behind the other; which one it is will be the question everyone asks at the start of next week.<\/p>\n