The Southeast wasn't the only place to get rained upon. The Labor Department reported on Friday that the U.S. unemployment rate unexpectedly shot up to 6.1% in August to its the highest point in nearly five years, as employers cut payrolls for the eighth-straight month and as the decline in labor markets accelerated. Approximately 84,000 jobs were lost in August.

It was ugly early on, with stocks plunging, but the market made a nice recovery as oil prices continued to drop. Traders are on alert that Americans might keep paring back their energy use to save money.

Meanwhile, one 10-year-old recently had a great birthday party. Google (GOOG) turned 10 on Sept. 7. Started by Larry Page and Sergey Brin in 1998, the company now draws upon a gargantuan computer network boasting nearly 20,000 employees and a $150 billion market value. Happy birthday, Google!

But Google, along with most other names, is looking for a bounce.

With this in mind, we thought we'd take a look at Friday's top-searched stocks on TheStreet.com and find out what
Jim Cramer's had to say about them recently.

These stocks could be in the news for a number of reasons. Some require immediate attention; others may not. Regardless, it never hurts to hear what Cramer (or any of the other professional investors on the site) has to say about them. The key is to gather as much information as you can in order to make the most informed investment decisions you can.

Despite Sandisk (SNDK), Wells Fargo (WFC), Wachovia (WB) and Citigroup (C) were all up big on heavy volume, but we'll break down Cramer's take on Procter & Gamble (PG) and other "recession stocks."

In a recent post to his RealMoney blog, Cramer said:

"When I talked with Bill Gross yesterday about whether there is a bull market somewhere -- he said there isn't -- I wonder whether you can really argue that point if oil falls so hard and natural gas plummets to $5-$6. Bill is the best bond buyer in the world.

The market is wondering, too. Every recession stock I deal with, everyone, everyone who put price increases through, every food and soft-goods stock, everyone, is up. Is that something worth missing? Isn't that worth looking for? Can't we just state that in this market there has been lots of money made in Procter & Gamble and Pepsi (PEP) and Clorox (CLX) and the like?

Do you know that there have been many, many periods when only the stuff that you can eat, smoke, drink and wash with went up?

Do you know there were years and years where you couldn't buy anything commodity? I mean years. Years when everything from the ground had to be shorted every time it lifted.

But no one seems to remember that, and people think the gains in Clorox somehow don't count, even as the gains in Mosaic (MOS) and Agrium (AGU) did.

The happier-days-are-here-again stocks because of lower oil -- Lowe's (LOW), UPS (UPS), Costco (COST), Wal-Mart (WMT) -- ain't so bad either.

These are legit stocks, including Anheuser-Busch (BUD) and Wrigley (WWY), that I highlighted endlessly on my show, and I don't mind being on the defensive. Let me give you some levels that I have said would hold: The BKX was at 46.52, it is at 65; the HGX was at 93, it is now at 123. The S&P 500 -- my most vulnerable -- was at 1200, it is at 1224; and the Dow Jones Industrial Average was at 10,731, and it is now at 11,098….

So, anti-Cramers, be my guest. But there is some evidence that gains could be had even as people act as if they didn't happen…

But there are winners here, not all losers. Period."

For more of what Cramer thinks about Friday's most-searched stocks, check out the Cramer's Take on Top 10 Most-Searched Stocks portfolio.

(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Procter & Gamble, Costo and Wal-Mart for his Action Alerts PLUS charitable trust.)

Posted on Sept. 7, 2008