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So, what does this mean for monetary policy? Firstly, employment growth data alone may no longer be a reliable indicator of the strength of the labor market. Indicators and ratios such as the employment-to-population ratio, unemployment rate, quit rate, or hiring rate, which take into account changes in labor force size, can provide a clearer picture of the health of the labor market. Communication will become more difficult. It is not easy to convey the idea that a “zero employment growth economy is consistent with full employment.” The kind of abundant, dynamic labor market that has dominated in recent history may gradually fade away. And because inflation is already above target levels, policymakers must be very clear in explaining how progress will be made towards our statutory goals of price stability and full employment.

BlockBeats News, April 4th, according to Coinglass data, in the past 24 hours, the total liquidation across the entire network was $133 million, with long liquidations totaling $77.83 million and short liquidations totaling $54.89 million.

On April 4th, the number of non-farm payrolls in the United States for March saw the largest increase since the end of 2024, and the unemployment rate unexpectedly declined. "The Wall Street Journal's" Fed reporter, Nick Timiraos, pointed out that this data has temporarily eased the difficult policy dilemma of "protecting employment or controlling inflation." The interest rate swap market shows that expectations for rate cuts within the year have fallen from pricing of about 4 basis points before the report's release to nearly zero, and bets on rate cuts next year have also narrowed.