If you want to get a good read on the employment situation in the U.S., look at Paychex, “Mad Money” host Jim Cramer said Thursday.
Paychex reported an in-line quarter Thursday morning and reaffirmed its guidance for the rest of the year. Plus its key metric—checks per payroll—improved for the eighth straight quarter.
Cramer likes the payroll management company because its 4 percent yield pays you to wait. Plus, any pickup in hiring would be great news for Paychex. It will also be a winner if the Supreme Court overturns President Obama’s health care law, he said.
To find out more about the quarter and where the company is headed, Cramer sat down with CEO Marty Mucci. Watch the video to see the full interview.
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