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Paychex's quarterly revenue growth slows on weak client spending

The number of Americans filing new claims for unemployment benefits increased moderately last week, according to a report from the U.S. Labor Department, suggesting weak demand in the labor market. An uncertain macroeconomic environment has also dampened demand for Paychex's HR platform among small and medium businesses. Small and mid-sized businesses continue to struggle "in both the cost of and access to growth capital; and finding quality talent in the current labor market," said CEO John Gibson. ....

United States , Pooja Desai , John Gibson , Us Labor Department , New York Based , Automatic Data Processing ,

Paychex's quarterly revenue growth slows on weak client spending

(Reuters) - Payroll services provider Paychex reported its slowest rise in quarterly revenue in over two years on Thursday, hurt by tepid spending by . ....

United States , John Gibson , Pooja Desai , Us Labor Department , New York Based , Automatic Data Processing ,

Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Sold by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC lessened its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) by 2.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 5,353 shares of the business services provider’s stock after selling 124 shares during the quarter. Mayflower Financial Advisors LLC’s […] ....

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