U.S. Payrolls Jump; Jobless Rate Drops

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Feb. 3 (Bloomberg) -- Employment climbed more than forecast in January and the U.S. jobless rate unexpectedly fell to the lowest in three years, casting doubt on whether the Federal Reserve can wait until 2014 before raising interest rates. The 243,000 increase in payrolls was the most since April and exceeded all forecasts in a Bloomberg News survey, Labor Department figures showed in Washington. The unemployment rate dropped to 8.3 percent, the lowest since February 2009. Peter Cook and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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