
The Market Sees the Light on Employment

By Jim Cramer
About this article:
Washington's listening. I think that Washington has had its fill of health care talk and is anxious to focus on jobs. President Obama wants to dither now with carbon capture, content that the stimulus plan, however bogus it was, is doing the job. But Congress senses that they are 13 months from a debacle and they are going to bring employment to the front burner.
That's what I think the market is saying. When I spoke to Dan DiMicco last night, the CEO from Nucor , he showed devastating evidence of the real unemployment, now at about 18%, and the lack of job creation coming out of this recession compared to the last four recessions.
DiMicco recognizes that some of that is caused by Chinese dumping, and he is thrilled the president's addressing that. But most if it is an inability of the private sector to hire, either...

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