The economy, to draw on the vernacular, is cookin’ with gas. That’s the message embedded in this morning’s jobs report for July, a month that witnessed a 207,000 rise in nonfarm payrolls. That’s well above the 180,000 consensus forecast and the revised 146,000 gain for June, according to Briefing.com. But wait, there’s more: average hourly earnings jumped 0.4% last month, the fastest monthly pace since an identical rise a year earlier.