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Jim Cramer: Oct. Jobs Number Shows Economic Recovery is Ongoing

The economy added 214,000 jobs last month. Jim Cramer says the jobs numbers are more consistent with the idea that a lot more people are being hired.
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The U.S. Labor Department said Friday that the economy added 214,000 jobs last month. The unemployment rate, which was expected to remain unchanged, fell to 5.8% -- that's the lowest level since 2008. Jim Cramer says the jobs numbers are more consistent with the idea that a lot more people are being hired. What's most interesting, Cramer says, is that the August number, which caused a tremendous decline in the stock market, was revised back up to the average. That shows, he says, much more consistency and less stop-start. Cramer says he also finds interesting that the restaurant and retail numbers were incredibly strong, given the big casino layoffs recently.

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