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Friday, July 17, 2009 WASHINGTON: The Federal Reserve has predicted that unemployment in the United States will top 10 percent this year, but noted that the end of the recession might be in sight. The pace of job losses in the United States quickened in June to 467,000, driving the jobless rate to 9.5 percent, the highest in more than 26 years, the Labor Department reported last week. Since the recession began in December 2007, the U.S. economy has lost a net total of 6.5 million jobs. According to the Federal Reserve, the unemployment rate could rise to as high as 10.1 percent this year, compared with the previous forecast of 9.6 percent. Meanwhile, the central bank said that the U.S. economy will shrink between 1 and 1.5 percent this year, better than a decrease of 1.3 to 2 percent it forecast in May. For 2010, the Federal Reserve said the growth rate in the United States will be in a range of 2.1 to 3.3 percent. For 2011, the economy will continue to expand in a range of 3.8 to 4.6...