// FainTrading School

Consumer and Producer Behavior

Factor markets — labor, capital, and land — set the input costs for all production. Labor demand is derived from product demand, so retail employment tracks consumer spending, and wage pressures compress corporate margins while triggering Fed tightening. This module teaches you to use JOLTS, NFP, and ECI reports to anticipate earnings pressure on labor-intensive sectors before it shows up in quarterly results, turning macro employment data into an actionable signal for sector positioning.