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Cramer’s touchstone for small business

(Click for video linked to a searchable transcript of this Mad Money segment)

With the government shutdown potentially delaying the Labor department's jobs report, where else can you find insights on employment?

The Mad Money host has a thought.

"Who knows more about business formation and hiring than Paychex, the country's premier payroll processing company for small business," Cramer said.

Looking at results released earlier this week, Paychex reported first-quarter profit of $162.8 million or $0.44 per share, up from $153.1 million or $0.42 per share in the same period last year.

Also, revenues that came in slightly better than expected, rising 5.1% year over year.

That seems bullish.

Marc Romanelli | Blend Images | Getty Images

"However, the metric I care about most right now is checks per client, which tells me how many people they have on payroll," Cramer said "And here Paychex saw a 1.6% increase, up from a 0.9% increase last quarter," he said.

"Plus, Paychex has a human resources services division that's driving much of the company's growth," Cramer added.

All told, the metrics would suggest the recovery in employment is intact.

"And on the conference call, management's tone was generally positive," Cramer added. Looking ahead, the company currently projects full-year 2014 earnings growth in a range of 8 percent to 9 percent.

And after talking with Marty Mucci, the President and CEO of Paychex Cramer said, "this was the most bullish I've heard him in a long time."

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It should be noted that those results come in contrast to results released by ADP which show U.S. private employers added 166,000 jobs last month, fewer than expected. Meanwhile, other results from the Mortgage Bankers Association shows mortgage applications remain relatively flat.

Current numbers don't yet include any effects from the federal government shutdown that began this week.

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