Federal Reserve's Daly: The Fed should focus on the employment rate rather than the number of employed people

MeNews · 2026-04-04T05:00:06+00:00

ME News Report, April 4 (UTC+8): The economy no longer needs to create a large number of jobs like before to maintain the same employment rate among the population. In this environment, monthly hiring data no longer accurately reflect the health of the labor market. The unemployment rate may be a better indicator. She stated, "Ratios and indicators such as the employment-to-population ratio, unemployment rate, turnover rate, or hiring rate can reflect changes in the size of the labor force, providing a clearer picture of the labor market's health."(Jin10)(Source: ODAILY)

MeNews

2026-04-04 05:00:06

ME News update, April 4 (UTC+8). The economy no longer needs to create large numbers of jobs the way it used to in order to maintain the same level of the employment-to-population ratio. In this environment, monthly hiring data can no longer most accurately reflect the health of the labor market. The unemployment rate may be a better metric. She said: “Ratios and indicators such as the employment-to-population ratio, the unemployment rate, the quit rate, or the hiring rate can reflect changes in the size of the labor force, thereby more clearly reflecting the health of the labor market.” (Jin10) (Source: ODAILY)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes