CNBC's Jim Cramer said Thursday he is baffled by the most recent U.S. economic data on jobs.
"These numbers are so inconsistent they must be driving the Fed crazy," Cramer said on "Squawk on the Street." "If you're [doing] minute-to-minute trading … your bell's been rung constantly. The numbers just don't make sense moment to moment."
Cramer made his remarks after the Labor Department said Thursday that weekly jobless claims came in lower than expected at 268,000. This jobless claims number is also the lowest since 2000. Thursday also saw the pace of job cuts in the U.S. slow down significantly. Outplacement firm Challenger, Gray & Christmas reported that layoffs in the U.S. were 27.6 percent lower in March compared to February.
U.S. equities opened Thursday trading mildly higher following both releases. Click here to see where the markets are trading now.
Also, the latest ADP report said Wednesday that private sector growth slowed down in March, adding only 189,000 jobs, down from 214,000 in February.
The Labor Department's nonfarm payroll numbers, this week's final important piece of economic data, will come in Friday morning. "The people playing 'Name the Number' have to come and revise them," Cramer said.