Jim Cramer: Economy is thawing

>>> there are signs this morning that the economy is thawing out in a big way. the stock market is on a tear, back to prerecession levels and unemployment is at a five-year low. jim cramer is the host of cnbc's " mad money ." good to see you, especially under good conditions.

>> it's great.

>> we've been here before, see it go up under a housing bubble , a tech bubble . how do you know it's firm here?

>> i like markets based on employment going higher. i don't think it's any coincidence we have unemployment at a five-year low and stocks are at a five-year high. it's sustainable. job fwroeth growth is sustainable.

>> we are seeing job growth but not enough to get the unemployment rate down. what signs are you seeing that employers will start hiring now?

>> this market was brought down by housing and it's going up by housing. we were building half the number of homes we're building right now. that's terrific, it employs a huge amount of people.

>> companies are posting profits, have good times on wall street . how have they become more efficient, getting more productivity out of workers so they're not hiring as many people as they did before.

>> that's very true, most companies are not. with china coming around, getting better, europe stabilizing, these big international companies that are located here will start hiring and the stock market is anticipating that.

>> we talk about apple. here is a company that should be doing great. it's posting huge profits, its products fly off the shelves and yet its stock dies.

>> this is a what have you done for me lately wall street fashion show . wall street has cooled on apple stock because apple can't keep growing the way it used to. this was not a great quarter by any means. it was disappointing versus what we were expecting.

>> is it that it's overvalued and a bit of a correction?

>> i think that's part of it. the big smart phone revolution is now in many people's homes. there's a bit of a saturation. in the end we want growth, growth, growth on wall street . it just doesn't happen, hyper growth anymore.

>> jim cramer , good to have you here.

>> it's good.

>> you can see jim on " mad money " week nights at