CNBC’s Cramer On Jobs: ‘These Are The Best Numbers Of Our Lives’



(Breitbart) – Friday on CNBC’s “Squawk Box,” network anchor Jim Cramer reacted to the announcement that the United States economy added 266,000 jobs for the month of November and the unemployment rate fell to 3.5%, which match the lowest level in 50 years.

Cramer said the numbers are “the best” he has ever seen in his life.

“Look, Joe, you and I both know … 50 years, OK. Now I’m 64. I didn’t know about how things were when I was 13 or 14 other than the war, but these are … you can’t contradict that these are the best numbers of our lives,” Cramer told host Joe Kernen. “You can’t. I mean, we had guns and butter when we were doing these things 50 years ago, and that fall with inflation and recession.”

He continued, “I don’t see inflation. I don’t see recession. Fifty years ago that number was a curse. Now it’s a blessing. And you know something, Joe … it doesn’t matter whether you hate them or like them, these are real numbers.”

More Black Men Have Jobs Than Ever Before

The unemployment rate for black men remained at the lowest level ever in November. Black men over 20 picked up 14,000 of those jobs, according to Labor Department data released Friday. That matched in increase in the civilian labor force for that cohort.

As a result, the unemployment rate for black men stayed at the all-time low of 5.1 percent hit in October.

The total number of black men employed in the U.S. rose to a seasonally adjusted 9,014,000, the highest on record. The total black male civilian labor force is comprised of just under 9.5 million individuals. The labor force participation rate held steady at 68 percent.

The unemployment rate for black women ticked up a notch to 4.9 percent but remains near its recent record low of 4.8 percent.

The combined unemployment rate for black men, women, and young people between 16 and 19 is a 5.5 percent, a tick above the all-time low of 5.4 percent hit last month.