The nonfarm private sector added 133,000 jobs in May, according to the ADP National Employment Report released this morning. This represents an acceleration from April’s downwardly revised 113,000 jobs (initially reported at 119,000 jobs). Although May’s employment growth represents an acceleration from the previous month, it remains well below the 6-month average of 187,000 jobs created.
Job creation continues to be driven primarily by the services sector, which added 133,000 jobs in May. The goods producing sector rebounded moderately in May, adding 1,000 jobs, instead of shedding jobs as it did in April. Despite the small rebound, weakness remains in the goods producing sector, with manufacturing shedding 2,000 jobs in May.