INVESTING
'We're back' — Cramer says May's shocking, record jobs gains show economy bouncing back
PUBLISHED FRI, JUN 5 2020 9:21 AM EDT
UPDATED 3 HOURS AGO
EY POINTS
CNBC's Jim Cramer on Friday raved about the May jobs report, saying it's evidence the U.S. economy was bouncing back from the coronavirus-induced devastation.
"I think there were a lot of people who felt that the layoffs would be permanent and it's obvious that there's so much demand that people have to bring people back," Cramer said.
The nation's unemployment rate in May declined to 13.3%, according to the Labor Department.