Video: Jim Cramer Reacts to the September Jobs Report

TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said the key takeaway from the September jobs report as it relates to interest rates, is the rise in average hourly earnings.

Wages grew 2.9% year-over-year as of September, topping estimates of 2.6%.

The economy lost 33,000 jobs in September, according to a report released by the Bureau of Labor Statistics on Friday.

Economists were expecting a gain of 100,000 payrolls.

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