Jim Cramer: May Jobs Report Numbers as Expected Means Good Environment

TheStreet
TheStreet's Jim Cramer says that sometimes jobs reports are nonevents and that it is okay. What happens is "a big bad event," meaning that there is going to be an event that occurs but people are going to pause before it because they don't want to be shocked. However, there was nothing shocking in the May jobs report. Cramer says we need more people being hired and the average workweek figures going up but neither is happening. In the current report, the jobs numbers and percentages were exactly as economists thought they would be. With the jobs report out of the way, investors can now focus on earnings and which companies are worth owning. This is what Cramer likes best about being a stock picker. Cramer says right now is a good environment.
View Comments (0)