Fed's McTeer says U.S. recovery so far jobless

US - Dallas Federal Reserve President Robert McTeer said on Thursday the U.S. economic recovery had so far been jobless, but the unemployment rate here still has stayed well below Europe's.

"The unemployment rate in the United States has only been half as high as European unemployment in recent years," he said in remarks for delivery at a panel discussion on banking stability at a Cato Institute conference on financial crises, Reuters reported.

"Ours hasn't exceeded 6 percent in the recent rece