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Cramer: Liked the jobs report number, but …

The Federal Reserve may have gotten more ammunition to justify further rate hikes, CNBC's Jim Cramer said Friday.

The Bureau of Labor Statistics said the U.S. economy added 292,000 jobs last month, well above the Reuters estimate of 200,000.

"What I found beleaguering about this, even as I liked the number very much, is that there are probably a half-dozen people who will call Steve Liesman from the Fed … and say, 'Listen, this is more of a reason why we need to tighten,' " Cramer said on "Squawk on the Street."


Traders also priced in a slightly higher chance for a March rate increase after the jobs report, according to the CME Group's FedWatch tool.

"Enjoy what's going on right now," Cramer said.

The Fed raised rates for the first time in nearly 10 years last month but has insisted its path toward normalization would remain gradual and dependent on the data.