Consumer Spending Drives the Economy, and Jobs Drive Consumer SpendingBecause consumer spending accounts for the vast majority of U.S. economic activity, a strong jobs market usually suggests a healthy economy. In contrast, a cooling labour market can signal an impending slowdown, thus influencing the Fed’s monetary policy decisions. Robust or disappointing figures can swiftly reshape expectations for interest rate changes, impacting everything from borrowing costs to investor sentiment across global financ ...