Jim Cramer said this morning on CNBC that the new jobs report could signal a "permanent unemployed level":
"Look, I'm struggling here," said Cramer. "I'm struggling to find anything good about it. I'm trying to figure out exactly how worried we were three, four weeks ago. The president was on TV pretty regularly saying that look, there's going to paralysis in the country. We did believe that sequester could shut down this country. Maybe it's under that guise that we got this terrible number. But it is a terrible number. It's really kind of amazing that--frankly, it looks like it's a permanent unemployed level."