Jim Cramer Says Jobless Claims Are Testament of Need for Targeted Stimulus

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It's Thursday, which means that we received the latest jobless claims numbers. 

Claims were nearing one million--coming in at 965,000. Experts had been expecting claims to total 800,000.

However, as we await President-elect Joe Biden's announcement of the stimulus package, markets are slightly in the green in early morning trading. Per reports from CNN, the package is could be as big as $2 trillion and would include direct payments to Americans, as well as more money for state and local governments and increased unemployment insurance.

"The number is indicative of how badly we need stimulus," Jim Cramer said. 

Watch more on Cramer's take on stimulus in the video above. 

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