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... 

The unemployment rate in the United States increased to 8.3 percent in July even if 163,000 new jobs were created. Friday’s job report showed that payrolls have an upward trend for the past two years, with an average of around 150,000 new jobs per month. The pace is measly compared with the millions of jobs lost during the recession that started late 2007. Compared with the job recovery after the past two recessions, the job growth at present is just what the analysts have expected. It was lukewarm...