CNBC host Jim Cramer lauded the recent November jobs report showing the United States could walk away with any trade talks with China because of how well the U.S. economy is doing.
“People don’t want to say good things, and this is the best number I’ve ever seen in my life,” Cramer said on Friday about the report. Federal data showed the U.S. economy added 266,000 jobs and that unemployment dropped to 3.5%.
Cramer claimed the jobs numbers would have to get even better because the U.S. would win the trade war with China. “When we win the trade war, which you know that we’re going to win, now, because we have the better numbers, then they’re gonna have to put jobs here,” he said. “That’s what they’re going to have to do. We aren’t even talking about that yet. In the end, the Chinese are going to have to put jobs here.”
The host said the future of the U.S. economy looks bright no matter what happens with China trade talks. “I don’t see inflation. I don’t see recession,” Cramer said. “It doesn’t matter whether you hate him or like him, these are real numbers.”
The jobs numbers for November were helped by the end of a General Motors worker strike as well as 90,000 combined jobs added by the hospitality and healthcare industries. Trump praised the new numbers, tweeting, “‘It’s the economy, stupid.'”
[Opinion: In our best economy ever, the myth of the disaffected young man persists]
Stock Markets Up Record Numbers. For this year alone, Dow up 18.65%, S&P up 24.36%, Nasdaq Composite up 29.17%. “It’s the economy, stupid.”
— Donald J. Trump (@realDonaldTrump) December 6, 2019
