The ADP Research Institute announced on November 2 that the number of newly-increased jobs in U.S. companies in October 2016 was 147,000 after seasonal adjustments, which was lower than market expectations of 165,000, a record low since May (31,000); September data From 154,000 to 202,000. From January to October 2016, U.S. companies added an average of 176,000 jobs each month, the lowest record since 2012 for the same period.

Non-agricultural data: The average monthly job creation of US companies from January to October fluctuated at a low level in 2012, and the manufacturing industry was miserable. The US is already close to full employment, so is it normal for the number of new jobs to decline? The U.S. Department of Commerce announced on October 31 that the annual growth rate of real disposable income (Real DPI) in September 2016 dropped to 2.1% from 2.3% in August, the lowest increase since January 2014.

ADP statistics show that in October 2016, the number of employees in the Goods-producing industry decreased by 18,000, the largest decrease since August; the total decrease from January to October was 49,000, the worst since the same period in 2010 (decrease 54,000) ) Record. The number of employment in the service industry increased by 165,000 in October, the lowest since May (71,000, the lowest since August 2010).

Further analysis showed that the number of U.S. construction industry employment decreased by 15,000 in October, the largest reduction since May; a total increase of 63,000 from January to October this year, the lowest record since the same period in 2010. The US construction expenditure in September fell by 0.2% compared with the same period in 2015, and the first annual decline since July 2011.

The number of employees in the manufacturing industry has decreased by 1,000, and has only shown monthly growth four times in the past year. The total decrease of 38,000 from January to October is the worst record since the same period in 2009.

Known as Sai Non-agricultural (meaning that the importance can be compared with non-agricultural data) US Labor Market Conditions Index (LMCI) The average LMCI from January to September 2016 was -1.72, the highest since 2009 Sluggish performance over the same period. The US economy entered a recession in December 2007, and the average LMCI from January to September that year was -0.46. From this perspective, the state of the US labor market so far this year is worse than it was before the recession in 2007.

The Wall Street Journal reported that economists predict that the U.S. unemployment rate in October will fall from 5.0% to 4.8%, and the number of new non-agricultural jobs will rise to 173,000 from 156,000 in September.