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Stocks to Buy After the Jobs Report: Jim Cramer

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The jobs report fell short of expectations, to put it lightly. 

TheStreet's Bradley Keoun reported that the slow growth was in part due to the fading stimulus from President Donald Trump's tax cuts, a Labor Department report showed Friday.

Nonfarm payrolls climbed by 20,000 in February, down from January's pace of 304,000, the report from the Labor Department's Bureau of Labor Statistics showed. The February figure compared with forecasts of 180,500 jobs, based on a survey from the data provider FactSet.

"Employment in professional and business services, health care and wholesale trade continued to trend up, while construction employment decreased," according to the report.

The number was the lowest the U.S. has seen since Sept. 2017. 

Jim Cramer spoke to Larry Kudlow, who said that the U.S. should just throw the number away. 

"Now that's a little too glib," said Cramer. "I think the number would have been bad if everything had gone right."

So, what should investors do with the job number? 

"This is when you buy Procter (PG) - Get Procter & Gamble Company Report , this is when you buy Clorox (CLX) - Get Clorox Company Report . This is when you revert to the tried and true names that do well in a slowdown."

Related. What the Jobs Report Means and How I'm Positioned

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