Jim Cramer Says Oil Layoffs Could Put Big Dent in Jobs Report

TheStreet's Jim Cramer is cautious looking ahead to Friday's monthly jobs report. 'I don't expect a robust number,' said Cramer, who's portfolio manager of the Action Alerts PLUS charitable trust. 'The layoffs in oil and gas were pretty significant. Cramer noted those job losses haven't been offset by big job gains in other sectors of the economy. According to Bloomberg, analysts estimate payrolls increased by 195,000 in February. Earlier this week, payroll processing company ADP said businesses added 214,000 new workers to their payrolls last month. In January, job gains came in below expectations. The jobs report is often a market moving report for Wall Street.