Fed's McTeer: US jobless rate may drop by year-end

Dallas Fed President Robert McTeer said Thursday with an upturn in US growth unemployment could fall by the end of the year. He told reporters "It could easily be under 6 percent by year-end".

Source: Reuters

Dallas Federal Reserve Bank President Robert McTeer said on Thursday the U.S. unemployment could edge down by the end of the year as growth picks up.

Asked by a reporter whether the jobless rate, which stood at 6.2 percent in July, could dip below 6 percent by the end of the year, McTeer sa