Jim Cramer says strong jobs report suggests no imminent recession — and that's good for stocks

The stronger-than-expected September jobs report is good news for Main Street and Wall Street, CNBC's Jim Cramer said Friday. Job gains of 254,000 in the month — paired with solid hourly earnings gains — suggest the U.S. economy is in a solid spot despite lingering slowdown fears, Cramer said. That kind of backdrop should lend support to corporate earnings and by extension the stock market, he said. Indeed, all three major U.S.

The September jobs report arrived about two weeks after the Federal Reserve began its easing cycle with a larger-than-usual half-percentage point reduction in its benchmark lending rate. In March 2022, the U.S. central bank began an aggressive hiking campaign that eventually brought interest rates to their highest levels in more than two decades in an effort to slow the U.S. economy and stamp out surging inflation.

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Jim Cramer cuts through the market's ‘doom and gloom' as the market waversCNBC’s Jim Cramer on Wednesday tried to quell investors’ fears of a recession.
Kilde: NBCPhiladelphia - 🏆 569. / 51 Les mer »

Jim Cramer's top 10 things to watch in the stock market ThursdayWall Street on Thursday is on track to extend Wednesday's robust gains.
Kilde: CNBC - 🏆 12. / 72 Les mer »

Jim Cramer's top 10 things to watch in the stock market WednesdayStocks were headed for a lower open after the August consumer inflation report matched expectations at the headline level.
Kilde: CNBC - 🏆 12. / 72 Les mer »