Jim Cramer on Private Payroll Numbers: We Were Too Optimistic

ADP employment numbers were not very strong for February and TheStreet's Jim Cramer says it gives him cause for concern. The private sector added fewer jobs than expected last month. Companies added 212,000 jobs for the month, short of the 220,000 economists were looking for. That's the slowest pace in six months. Cramer says February was also weak for autos, housing, retail and restaurants and it does concern him. He says the country took a step back in February but it is weather related. The report from ADP showed that wile most of the gains came from the service sector with 181,000 positions added, that's still 12 percent less than in Januaray. Hiring in the gas-producing sector also slowed.