Cramer: US economy ‘counterintuitive’

Cramer: US economic data 'counterintuitive'

While the most recent ADP private jobs report shows employers are hiring more people, CNBC's Jim Cramer still believes the U.S. economy is mixed.

"We have a housing shortage in the country now," Cramer said on "Squawk on the Street." "If you look at the rail car loadings, there are a lot of businesses that are not doing very well."

"I think there is strength in hiring, but not strength in the [overall] economy. I think that's very counterintuitive," he said.

Cramer made his remarks after an ADP report said private companies added 237,000 jobs in June, above a consensus estimate of 218,000.

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On Thursday, investors will be eyeing more data as the Labor Department releases its monthly nonfarm payrolls data.

"There is a lot of chatter now that, at the end of July, the Fed could make a move," Cramer also said. "I think that's ridiculous. I think it's going to be September, but [July] is what we're hearing if tomorrow's number is really strong."