Skip to main content

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

Publish date:
Video Rating:
Video Duration:

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. 

 Everything Jim Cramer Is Watching in the Stock Market Thursday

Curious about what Jim Cramer and his team at Action Alerts PLUS are watching in the markets? Watch Cramer's exclusive members-only Daily Rundown show on Action Alerts PLUS following TheStreet Live.

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

Latest Videos From TheStreet and Jim Cramer:

Related Videos