Jim Cramer Says Strong Jobs Report Won't Ease Stock Market Jitters

TheStreet's Jim Cramer said Friday's strong employment report won't be enough to ease jitters in the stock market. Cramer said the report will make investors worried that more interest rate hikes are on the way from the Federal Reserve. Cramer noted that hiring in the restaurant, hotel and leisure sector was strong, and investors should be looking at some restaurant stocks. He said overall the retail and restaurant group looks good, but the stocks don't reflect that. Cramer, who's portfolio manager of Action Alerts PLUS, said he likes Jack in the Box (JACK), which has come down a lot. He added the portfolio recently sold some Panera (PNRA) and Target (TGT) shares. TheStreet's Rhonda Schaffler has details from the floor of the New York Stock Exchange.