[Federal Reserve's Daly: The Fed Should Focus on Employment Rate Rather Than Employment Data] BlockBeats News, April 4, Federal Reserve's Daly stated that the economy no longer needs to create a large number of jobs as it did in the past to maintain the same proportion of the population employed. In this environment, monthly hiring data is no longer the most accurate reflection of the labor market's health. The unemployment rate might be a better metric. She said: 'Metrics and indicators such as the employment-to-population ratio, unemployment rate, quit rate, or hiring rate can reflect changes in the size of the labor force, thereby providing a clearer picture of the labor market's health.' (Jin10)