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Clorox, Consumer Products Should Shine Amid Jobs Slowdown, Cramer Says

Manager of large portfolios will likely be eyeing consumer goods following the April jobs report, according TheStreet's founder Jim Cramer.

"I like [consumer products] because there's this whole baseline of big portfolio managers who say. 'Slowing growth in employment? Go buy Clorox (CLX - Get Report) ,'" Cramer said.

The federal government's April jobs report showed a slowdown in the number of jobs added - 160,000 as compared to Wall Street's predictions of about 203,000.

Cramer, though, thinks consumer goods products can rally around this growth slowdown, even while the retail and banking industries may suffer.

He said that this is the reason he selected Procter & Gamble (PG...