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Jim Cramer — We Want an 'Almost Red-Hot' Jobs Number

Economists expect 180,000 jobs to be added to the economy when the non-farm payrolls report for the month of August is released on Friday morning.

"We want 'almost red-hot,'" TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said from the floor of the New York Stock Exchange.

So why should the investment community want high employment? Simply put, September is "definitely live" when it comes to a potential rate hike, Cramer said, adding he believes...