REXX is probably your best bet, but in the 1970s and 1980s, REXX wasn't 
available on MVS and I often used the AREAD capability of ASMH (also 
available in HLASM) to generate job streams.  See example below (it's 
been a while, correct syntax is NOT guaranteed):

  MACRO
  JPUNCH
.LOOP ANOP
  AREAD &CARD
  AIF ('&CARD' EQ '').EOJ
  PUNCH '&CARD'
  AGO .LOOP
.EOJ END
  MEND ---------------
  JPUNCH , <---------- execute macro and read data cards
PFX  TUSER.HH
RST ADCD.A.CNTL
RST ADCD.LIB.JCL
/*

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