Jim Cramer has some thoughts on the jobs report.
Happy jobs day!
The December jobs report was released Friday, Jan. 10.
The report came in weaker than expected, with 145,000 jobs added in December, which came in shy of the expectations for 160,000 jobs.
“The numbers marked a muted end to a year – and decade – in employment growth, framed by dramatic shifts away from manufacturing and full-time positions to the rise and growth of the “gig” economy, which has continued to put Americans to work and padded their pockets with cash, fueling the U.S. economy in the process,” reported TheStreet's M. Corey Goldman.
Cramer weighed in on the report, but–more specifically–why the jobs report and unemployment numbers are so important.
“Oh boy, [the jobs report] always matters. I did a study for the last 20 years. There's no number more important. It's the only macro number that you really need to focus on, frankly. And that macro number says the Fed can't tighten. And if anything to the Fed has to have bias toward loosening. And that means you're not fighting the Fed and you're not fighting the tape,” said Cramer.
Watch the full video above for more.
Online real estate platform CrowdStreet delivers investors a new way to diversify their portfolios with real estate. Individual investors can use CrowdStreet’s leading online marketplace to connect with a wide array of commercial real estate opportunities and projects to make investing in real estate easy! Download the Real Estate Guide.
Latest Videos: What to Watch in 2020
- Three Standout Sectors to Watch In 2020
- Trading Advice in the Energy Sector
- The Top 5 Stocks to Consider Adding to Your Portfolio in 2020
This news is provided by TheStreet RSS Feed, All credits go to TheStreet. For more The Street News please visit: https://www.thestreet.com/
Disclaimer: All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional. The author is not paid to share this information. Cannabis Investment Group is not paid to share this information and has no business relationship other than shareholder with any company whose stock is mentioned in this article.