Sir Keir Starmer said that the antiobesity medication could also help ease pressure on the NHS.
It comes after Health Secretary Wes Streeting suggested that weight-loss jabs could be given to unemployed people to help them return to the workplace.
The Prime Minister told BBC Breakfast: "I think these drugs could be very important for our economy and for health."
He added: "This drug will be very helpful to people who want to lose weight, need to lose weight, very important for the economy so people can get back into work.
"Very important for the NHS because, as I've said time and again, yes, we need more money for our NHS, but we've got to think differently.
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