Jim Cramer on Today's Jobs Report: It's Good to See People Making More Money!
Wages grew at their fastest pace since the Great Recession and Jim Cramer says that's good news.
Jim Cramer says it's good to see people making more money, which is what was revealed in the October jobs report. The economy created 161,000 new jobs last month, and average hourly wages over the past twelve months have now risen 2.8%, which is the fastest pace in seven years. The report also showed that job gains in the prior two months were revised higher. Cramer says he's been waiting to see wage growth for some time, and the jobs report was good news.
