---
title: "CNBC: Private Sector Adds More Jobs Than Expected in July"
url: https://burnaze.com/article/c9d0aff1-1004-4c75-8427-80b03ebefc40
source: "1851 Franchise"
original_url: https://1851franchise.com/cnbc-private-sector-adds-more-jobs-than-expected-in-july-5403
category: "Finance"
topics: ["Finance & M&A"]
published: 2016-08-03T16:11:00.000Z
modified: 2026-11-01T04:11:21.444Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/c8d61ea0f1e6a46a9e21bcd56697546a858160803092752.jpg
---

# CNBC: Private Sector Adds More Jobs Than Expected in July

**TL;DR:** The private sector added 179,000 jobs in July, with services sector growth outpacing goods-producing sector growth. Companies added 179,000 positions for the month, topping Reuters estimates of 170,000.

*originally published in 1851 Franchise on 2016-08-03. [Read the original](https://1851franchise.com/cnbc-private-sector-adds-more-jobs-than-expected-in-july-5403).*

## Story

Private job growth was a little better than expected in July, though all of the new positions came from the services sector, according to the latest report from ADP and Moody's Analytics.

Companies added 179,000 positions for the month, topping Reuters estimates of 170,000. That was a slight increase from June, which saw an upwardly revised 176,000, 4,000 more than originally reported.

The bad news was that job growth was unbalanced. Services added 185,000 positions, but the goods-producing sector actually lost 6,000 workers. Construction posted a loss that matched that 6,000 number, while manufacturing added 4,000, which actually was a turnaround from June when the sector lost 15,000.

"Job growth remains strong, but is moderating as the economy approaches full employment. Businesses are having a more difficult time filling open job positions, which are near record highs," Mark Zandi, chief economist at Moody's, said in a statement. "The nation's biggest economic problem will soon be the lack of available workers."

## Entities

- 1851 Franchise (publication)
- General (sector)
- Reuters (company)
- ADP (company)
- private sector jobs (topic)
- services sector growth (topic)
- goods-producing sector (topic)

---
Originally reported by 1851 Franchise (https://1851franchise.com/cnbc-private-sector-adds-more-jobs-than-expected-in-july-5403). Summarized by Burnaze (https://burnaze.com/article/c9d0aff1-1004-4c75-8427-80b03ebefc40).