Jim Cramer Will be Closely Watching Friday’s May Jobs Report
Jim Cramer says the one thing he doesn't want to read in Friday's May labor report is a weak number.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer awaits Friday's May labor report. 'What you don't want is a weak number,' Cramer said. 'People think the Federal Reserve is going to tighten no matter what, so a weak number would mean tightening in a recession.' While Cramer doesn't think we're ready for a rate hike, he said the Fed locked themselves into a corner. Analysts expect the economy to add 158,000 jobs in May. The report is released on Friday at 8:30am Eastern.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
