Jim Cramer Is Keeping an Eye on Friday’s December Jobs Report

The markets are laser focused on China, but don’t lose sight of the December labor report released on Friday, according to TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer. ‘Throughout all of this turmoil, the one thing that has remained constant is hiring,’ Cramer said. ‘I know that in a front seat, back seat world, we don’t care – too much hiring means the Fed is going to tighten. When we get the employment number tomorrow and it shows growth, I want you to keep in mind that when you get a job, you buy a car, you’re more likely to buy a house – and you spend more.’ Cramer said these aren’t exactly things to look at right now as the markets are gripped by China. ‘I don’t want to lose sight that positive things will come into play when we get back to the August 25 lows or a little bit before that,’ he added.