[ADP 'Small Nonfarm' Data to Be Released Tonight, May Become an Important Reference for the U.S. Job Market] Due to the U.S. government shutdown, the official nonfarm payroll data has failed to be released on time for the second consecutive month, making the ADP 'Small Nonfarm' data a key reference indicator for the market. The latest data is expected to be released today (November 5) at 21:15 (UTC+8). The market predicts that U.S. private sector employment in October will increase by 28,000 jobs, rebounding from last month's decline of 32,000 jobs. Although ADP data may exhibit significant fluctuations due to benchmark adjustments, other recent employment indicators suggest that the U.S. labor market remains resilient. However, economists warn that there are significant differences between ADP data and official nonfarm payroll data, and it should not be given excessive weight. Additionally, caution is advised regarding potential market volatility it may trigger.