The rocky economic situation that the U.S has found itself in of late, has showed slight signs of recovery. Investors have jumped on the back end of news that employment figures have increased, however the road to recovery is not over yet.

The American economy may have caused many sleepless nights and concerns for investors around the globe.  However, the better than expected job figures may restore their faith.

The U.S created 103,000 jobs in September, which outstrips forecasts which stood between 55,000 and 73,000. However the unemployment rate still stands at 9.1%.

Speaking to the Telegraph, Robert Lutts, chief investment officer at Cabot Money Management, said: “Clearly a more positive number than last month and the revision for August was favorable. It basically means the US economy rather than entering a double dip is in neutral.”

“The markets will sigh a little bit of relief as this is bolstering the case we are not entering a double dip but sort of muddling through.”

There are still some underlying anxieties regarding Europe’s financial groups as the debt crisis continues to depth in Greece, Ireland and Portugal.

US President Barack Obama explained that the debt crisis in Europe was still very much a serious problem.

The Bank of England recently injected £75 billion into the UKs economy by increasing its quantitative easing programme.

Transferring money to the USA

If you are looking to invest in the USA, think carefully about how you will be transferring money to the USA.  Foreign currency exchange rates quoted by banks are usually not as good as the exchange rates available through specialist currency dealers.

So if you are sending money to the USA – which you will inevitably have to do if you are looking to make a property investment – be sure to compare the market before you buy your overseas currency.