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.

More from Video

2 Things Fed Chairman Jerome Powell Just Said Upset Investors

2 Things Fed Chairman Jerome Powell Just Said Upset Investors

Jim Cramer: Oil Needs to Go Down to See Worldwide Growth Pick Up

Jim Cramer: Oil Needs to Go Down to See Worldwide Growth Pick Up

Jim Cramer on Starbucks: There Are Multiple Problems Here

Jim Cramer on Starbucks: There Are Multiple Problems Here

Jim Cramer on the Problem With the Case for More Rate Hikes

Jim Cramer on the Problem With the Case for More Rate Hikes

Video: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

Video: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries