What's Driving Paychex's Stock Rally?

Paychex's stock price has been increasing with solid momentum. In the past week, the stock hit new highs almost every day, gaining 2.4%. In the past 6 months, Paychex's stock grew 18%, whereas the NASDAQ composite grew 9.2%. The primary reason behind the solid gain is the continued strength in the U.S. job environment, which has seen consistent job additions and a decline in the unemployment rate. In this article we take a look at the current scenario and the road ahead.