November Jobs Report Shows Why Jim Cramer Isn't Worried About Inflation
Jim Cramer says that while the latest jobs report may not be good for workers, it does show that inflation worries may be overblown.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer says that while the latest jobs report may not be good for workers, it does show that inflation worries may be overblown. Cramer says, "these numbers are in keeping with why I am not concerned about inflation. The key number here is that average hourly earnings fell." Cramer says that what is supposed to happen when the labor market get tighter, average hourly wages are supposed to shoot up. Cramer says, "this is the number that says that things are getting better and stop fretting about inflation."
