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CNBC’s Jim Cramer said the jobs report from the Labor Department Friday satisfied markets, at least for the interim.
The U.S. economy added 379,000 jobs last month and the unemployment rate inched down, with stocks managing to bounce from their lows of the day and snap a tough three-day trading stretch to end the week on a high note.
Economists had forecast the job market to grow by 210,000 in February.
“An employment number that’s strong, but not too strong, was just what this crazy market needed today, although it took half the day for Wall Street to figure that out,” Cramer said after the close on “Mad Money.”
The major stock indexes all swung nearly 2% higher at the close after trading…
Source cnbc.com
