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Why Jim Cramer Thinks This Market Is 'On Steroids'

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Stocks were rising in intraday trading on Friday despite a considerable slowdown in a U.S. labor market recovery, but the economic data boosted chances of more economic stimulus from Congress.

The U.S. economy added 245,000 jobs in November, well below economists' estimates of 450,000, as hiring in the private sector and in retail slowed ahead of the key holiday shopping period. The jobs gains last month were the smallest since May.

The unemployment rate fell to 6.7% in November, matching forecasts.

Watch: Everything Jim Cramer Is Watching in Markets Friday

Curious about what Jim Cramer and his team at Action Alerts PLUS are watching in the markets? Read their market updates.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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