This is certainly bad news for the American public as a whole. Any guesses as to what might be causing this slowdown?
UBER is being regulated out of markets by labor laws and taxi legislation. Vape shops are being regulated out of market by FDA regulations. Few actions have been taken to do anything about the inequality and lack of purchasing power on the part of anyone working for someone else for a living. Tech companies are collapsing due to them not ever being able to make a profit. Oil prices have remained low, and companies are surely still laying workers off/not hiring. Old people are still not leaving the economy due to lack of fiscal stability or ability to retire. Young people are still being held down by student loans and prevented from making any sort of large purchases beyond working long hours at mcdonalds to pay off loans that were never actually worth it, but are backed up strongly so that the person taking the loan gets punished while the person giving them gets off free. Healthcare continues to become a larger expensive for many homes, taking up money that would have spent elsewhere. Where is there for new jobs to appear? I don't see any parts of the economy that are justified to be growing, only thousands of miles of bureaucracy and bullshit hampering people and preventing the economy from growing or acting naturally.
First, expect the numbers to be revised some as they get more data, notice how they mention the previous month's are different now. And remember a month is a short time frame for macroeconomic measures like this. It might be another year before it's clear whether this month's data is part of a large trend, significant in its own right, out just noise. Some have been suggesting this year has been worse than usual because of the election --- businesses don't want to take risks until they know what to expect from the next president. But it would be impossible to pin causation on that.
You're right, it's probably too early to draw conclusions.