Positive new data builds expectations for a whopper number in Friday's jobs report [MSNBC.com]
Paychex, Inc. (PAYX)
Last paychex, inc. earnings: 3/25 08:15 am
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Source: MSNBC.com
Positive labor market data released Thursday added to rising confidence that the economy is returning in full force, with the latest weekly initial jobless claims falling below 400,000 for the first time since the coronavirus pandemic's chokehold strained the nation.Initial applications for unemployment benefits fell to 385,000 for the week ended May 29, according to data released Thursday by the Labor Department.Payroll processing firm ADP also reported better-than-expected numbers on Thursday, revealing that 970,000 people had been hired in May, the biggest gain since June 2020. Economists had predicted that May hirings would total around 680,000.The latest employment metrics bolster the prevailing optimism about Friday’s closely watched monthly jobs report, with economists polled by Dow Jones projecting gains of 674,000.“We have reason to believe the economic recovery will remain on track in the coming months,” said Mark Hamrick, senior economic analyst at Bankrate.com, citing the
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PAYX
Earnings
- 4/2/24 - Beat
PAYX
Sec Filings
- 4/18/24 - Form 3
- 4/17/24 - Form 4
- 4/16/24 - Form 8-K
- PAYX's page on the SEC website