A jobs bonanza stirs fears the American economy is overheating

The american economy is supposed to be , and that is supposed to be translating into a weaker labour market. But according to figures released on October 6th, the country added 336,000 jobs in September, nearly twice as many as forecast and the most since January (see chart). It is the latest evidence that, despite an aggressive series of interest-rate increases by the Federal Reserve over the past 18 months, American growth remains resilient. Instead of the “hard-landing” forecasts that predicted a recession, and were so common earlier this year, America looks to be heading for something more like a “no-landing” scenario.