TheStreet’s Jim Cramer is watching the Non-Farm Payrolls report Friday and says this jobs number is ‘really key.’ The Bureau of Labor Statistics is expected to announce that the U.S. economy added 190,000 jobs in October when it releases the data at 8:30 a.m. Eastern. That would be a nearly 50,000 increase from September and probably enough to keep expectations high of a December interest rate increase by the Federal Reserve. Cramer says this number and the next one ‘are going to determine whether the Fed raises rates in December.’ He goes on to say that the weekly unemployment claims that came out on Thursday were ‘not so good…so I’m not expecting a really robust number. If we do get a robust number, you’re going to see interest rates go up quickly and you’re going to see the bank stocks fly. Keep that in mind because you’re also going to see the healthcare stocks go down and the industrials be challenged.’ The unemployment rate is expected to dip one tenth to 5.0 percent. On Thursday, payrolls processor ADP said U.S. businesses added 182,00 jobs in October, indicating growing strength in the job market.
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