Jim Cramer Elated By New Jobs Report: ‘This Number is Extraordinary!’

CNBC’s Jim Cramer was elated on Friday by what he called an “extraordinary” July jobs report, saying the United States is “a growth country.”

Friday’s jobs report showed that 528,000 jobs were added in July, exceeding expectations that 250,000 jobs would be added. Unemployment decreased to 3.5 percent. Appearing on Squawk Box, Cramer pointed out to Andrew Sorkin that he’d previously said, “if these numbers come in way too hot, we’re in trouble even though I don’t want that to be the case.”

Regarding the jobs report, Cramer said, “This number is extraordinary! We’re a growth country! The rest of the world is not.”

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“I agree with you Andrew, that, isn’t, shouldn’t we just take our hats off that we have the growth country of the world right now, he continued. “But obviously the stock market likes bad news not good news.” “But that’s the question, is there a way to land the plane softly at this point,” Sorkin asked. “Yes!” said Cramer. “Yes!”

In conclusion, Cramer said, “I think there’s something to be said for a country that’s very strong, and that number shows we’re very strong.”

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