The US found itself pleasantly surprised when last month’s jobs report came in better than expected. November saw a seemingly miraculous drop in the unemployment rate to 10% from 10.2% in October. But don’t get too excited. The real number – when taking into account those who’ve given up on looking for work at all – is closer to 17%.
So says Nucor Chairman, CEO and President Dan DiMicco. Why trust him? Because President Obama does. DiMicco’s visited the White House numerous times at the administration’s request, and he was in attendance at last week’s jobs summit.
Cramer, too, turns to DiMicco for his take on the economy. With this week’s focus on investing in America, Cramer’s talking to the CEOs that will help to carry this country out of the recession. Already he’s interviewed Macy’s Terry Lundgren, Disney’s Bob Iger, Honeywell International’s David Cote and Ford Motor’s Alan Mulally. On Friday, he highlighted DiMicco and Nucor, the country’s best steelmaker.
Where is the US economy now? How will we get back on track? Watch Cramer’s interview with CEO DiMicco to find out.
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