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2026-04-04 00:33:24
Federal Reserve President Mary Daly: The Fed Needs to Focus on Ratios, Not Jobs. San Francisco Fed President Mary Daly wrote that the U.S. economy doesn't need to create as many jobs as in the past to maintain a stable employment-to-population ratio. In the current environment, monthly job growth is no longer the optimal indicator of the labor market's health; the unemployment rate may be a more suitable benchmark. In a blog post, she mentioned that indicators such as the employment-to-population ratio, unemployment rate, turnover rate, and hiring rate, which reflect changes in labor force size, provide a clearer picture of the true state of the labor market.
