---
title: "Private Sector Adds 173,000 Jobs To American Economy In May"
url: https://burnaze.com/article/801c5964-91f5-4f3e-bf1d-aee3b67d602e
source: "1851 Franchise"
original_url: https://1851franchise.com/private-sector-adds-173000-jobs-to-american-economy-in-may-4812
category: "General"
published: 2016-06-02T16:11:00.000Z
modified: 2026-11-01T12:20:45.815Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/9d66f1bfe2939d3225d7f49f2b3e2d549525160602112240.jpeg
---

# Private Sector Adds 173,000 Jobs To American Economy In May

**TL;DR:** The private sector added 173,000 jobs to the U.S. economy in May, with small businesses creating the most jobs. Job growth is still slowing down, with challenging global conditions and a tightening labor market contributing to the slowdown.

*originally published in 1851 Franchise on 2016-06-02. [Read the original](https://1851franchise.com/private-sector-adds-173000-jobs-to-american-economy-in-may-4812).*

## Story

More private sector jobs were added to the U.S. economy last month, but overall job growth is still continuing to slow down.

According to a report from ADP Research Institute and Moody’s Analytics highlighted in a CNBC article, private employers added 173,000 jobs in May. That adds to the 166,000 jobs that were added to the economy the month before. On average, the ADP and Moody’s employment report has averaged 188,000 jobs so far in 2016.

The jobs that were added in May came entirely from the service sector. In fact, goods-producing companies lost jobs. Small businesses ultimately created the most jobs—43,000. The trade, transportation and utilities industries added 28,000 jobs and construction and financial activities each added 13,000.

In a statement, Ahu Yildirmaz, head of the ADP Research Institute, said, "Job creation appears to have slowed as we move further into 2016. Challenging global conditions affecting hiring at large companies and a tightening labor market for skilled workers are among the factors that may be contributing to the slowdown."

## Entities

- 1851 Franchise (publication)
- General (sector)
- labor market (topic)
- small businesses (topic)
- ADP (company)
- job growth (topic)
- private sector (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/private-sector-adds-173000-jobs-to-american-economy-in-may-4812). Summarized by Burnaze (https://burnaze.com/article/801c5964-91f5-4f3e-bf1d-aee3b67d602e).