The US economy managed to generate 163,000 jobs last month. It is said to be the fastest pace since February and a clear sign that the economy is resilient enough to improve from a midyear slump and grow at a modest rate as the rest of the world slows down. The 163,000 jobs added in July ended the three months of weak hiring in the US. But the gains weren’t enough to improve the unemployment rate, which is up to 8.3 percent last month from 8.2 percent in June. It is the 42nd straight month that...