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Empresas y finanzas

Fed's Bullard says jobless rate expected to fall below six percent this year


    HONG KONG (Reuters) - The U.S. unemployment rate is expected to fall below 6 percent by the end of this year, James Bullard, president of the Federal Reserve Bank of St. Louis, said on Wednesday.

    Bullard, speaking on a panel at the annual Credit Suisse investor conference in Hong Kong, also said the U.S. economy is set for a "pretty good year" despite recent weaker data.

    The unemployment rate for February rose to 6.7 percent from a five-year low of 6.6 percent as Americans flooded into the labor market to search for work.

    (Reporting by Michael Flaherty; Editing by Kim Coghill)