Which Staffing & Employment Services Stock is a Better Buy? By StockNews

Which Staffing & Employment Services Stock is a Better Buy? By StockNews

© Reuters. ZipRecruiter vs. Paychex: Which Staffing & Employment Services Stock is a Better Buy?

As the United States recovers steadily from its highest ever level of unemployment—witnessed in April 2020—the increasing hiring activity amid the economy’s reopening should allow popular staffing and employment services stocks Paychex (NASDAQ:) and ZipRecruiter (ZIP) to gain significantly. But which of these stocks is a better buy now? Let’s find out.Paychex, Inc. (PAYX) and ZipRecruiter, Inc. (ZIP) are two prominent players in the staffing & employment services industry. PAYX provides comprehensive payroll and integrated human resource and employee benefits outsourcing solutions for small- to medium-sized businesses. ZIP is an online employment marketplace that provides recruiting, job posting, online interviews, candidate screening, application updates and job alerts services.

With declining unemployment rates, rising job opportunities and wage increases as the U.S. labor market improves, companies that deliver staffing and employment services are putting their best efforts into providing efficient services to their clients. Therefore, we think both PAYX and ZIP should benefit from the industry tailwinds.

In terms of their past month’s performance, ZIP is a clear winner with 16.4% gains versus PAYX’s 7.5%. But, which of these stocks is a better pick now? Let’s find out.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a comment

Send a Comment

Your email address will not be published.

Enter text shown below: