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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&#8217;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&#8217;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&#8212;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." Click <a href="http://www.cnbc.com/2016/06/02/private-companies-added-173k-jobs-in-may-vs175k-estimate-adp.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=private-sector-adds-173000-jobs-to-american-economy-in-may-4812" target="_blank" rel="nofollow" target="_blank">here</a> to read the original article.

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While private employers created jobs last month, overall job growth is still slowing down.

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

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