Let's see if it's time to buy Automatic Data Processing (ADP) or Paychex's (PAYX) stock with Friday's jobs report showing US employers added 206,000 jobs in June which beat most analysts' expectations.
Paychex's (PAYX) fourth-quarter fiscal 2024 results benefit from an increase in the number of clients served across the HCM solutions and lower losses on investment sales in portfolio repositioning.
ROCHESTER, N.Y., July 02, 2024--According to the Paychex Small Business Employment Watch, U.S. employers with fewer than 50 employees continued to add jobs in June, though at a slower pace than in May. Hourly earnings growth for small business workers held steady at 3.16% in June.