The quarter's results indicate slow recovery in the small and medium business ( SMB ) sector due to deceleration in high unemployment and inflation rates. Though new business wins in the SMB sector, and stiff competition from Automated Data Processing and Administaff Inc. will remain a constant worry, we believe that Paychex can benefit from the improvement in the U.S. employment situation. For more details of second quarter earnings, please visit: Paychex Beats Despite SMB Slowdown .