Jim Cramer: April Jobs Report Not Enough to Move Interest Rates
<I>TheStreet's</I> Jim Cramer says the April nonfarm payroll report was strong, in line with what he had been hearing from companies, but it's not good enough to move interest rates higher.
TheStreet's Jim Cramer says the April nonfarm payroll report was strong, in-line with what he had been hearing from companies in the nonresidential construction, oil and gas, auto, retail, and restaurant sectors. Cramer says as these companies return to normal after the deep freeze stall they saw from January to March, they will hire more employees. However, Cramer says people leaving the workforce means the number isn't good enough to move interest rates higher.
