CNBC’s Jim Cramer said Friday no matter your view on President Donald Trump there’s no denying we’re living in the best labor market in more than a generation.
“You can’t contradict that these are the best numbers of our lives. You can’t,” said Cramer, 64, following the government report showing the U.S. economy created a better-than-expected 266,000 nonfarm jobs in November, with the unemployment rate dipping to 3.5%, matching 50-year lows. Economists had expected the jobless rate to hold steady at 3.6% last month.
Referring to Trump, Cramer said, “It doesn’t matter whether you hate him or like him, these are real numbers.”
“This is the best number I’ve ever seen in my life,” the “Mad Money” host reiterated, zeroing in on the unemployment rate. “Fifty years ago, that number was a curse. Now it’s a blessing.”
“I don’t see inflation. I don’t see recession,” he added.
Cramer said the strong U.S. job market is going to allow America to win the trade war with China. “The president can walk away from the table with this number.”
“In the end, the Chinese are going to have to put jobs here,” Cramer argued.
Washington and Beijing have been locked in a 17-month-long trade war that’s seen both sides put billions and billions of dollars of tariffs on each others’ imports.
Negotiators for the world’s two biggest economies are trying to cement a “phase one” trade deal, which was announced in principle in October.
The next round of U.S. tariffs against Chinese-made goods, including smartphones and laptops, are set to go into effect on Dec. 15.