`Nothing Wrong' With U.S. Economy, Rupkey Says

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Feb. 1 (Bloomberg) -- Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ, discusses U.S. labor market data released today. Payrolls rose 157,000 in January following a revised 196,000 advance in the prior month and a 247,000 surge in November, Labor Department figures showed today in Washington. The jobless rate increased to 7.9 percent from 7.8 percent. (Source: Bloomberg)