Jim Cramer Is Keeping a Close Eye on Friday's Jobs Report

TheStreet's Jim Cramer is watching the September jobs report on Friday. He says, 'the only number I actually find that is any good in this country anymore, now that housing is rolling over, industrial is rolling over, is employment, and we are creating a lot of jobs and that's created the impression that you have to raise rates no matter what. Now I'm against raising rates but it doesn't matter, it's a foregone conclusion and it'll be a foregone conclusion because we'll probably get a pretty good number for employment and that gives the Fed lost of ammo to take rates up.' The Bureau of Labor Statistics is scheduled to release its report before the opening bell Friday. Economists are expecting non-farm payrolls to have bounced back in September with a gain of 203,000 new jobs. In August the BLS reported reported that the economy added 173,000 jobs, well below Wall Street's expectations of 217,000. The unemployment rate is expected to hold steady at 5.1 percent.