Report Shows Robust Growth With New Jobs
US economy strengthens in July, adding 316,000 jobs and lowering unemployment rate to 4.8 percent, matching a 23-year low set in May; National Association of Purchasing Management reports that its overall index rose to 58.6 from 55.7 for the month, while its production index surged by 8.4 points to 64.4; Commerce Department reports that factory orders rose 1.2 percent in June, more than recovering a drop of five-tenths of 1 percent in May; says Americans' income grew six-tenths of 1 percent in June, while spending rose three-tenths of 1 percent; graphs (M)
