The ASX 200 took a dive on Monday after lacklustre US jobs figures spooked investors and sparked concerns about the Trump administration's economic agenda.

The index was down 0.4 per cent after the first 35 minutes of trading.

Super Retail Group, the company behind Rebel Sports and Supercheap Auto, dropped 4.8 per cent while administration service business Smartgroup Corporation sank 5.6 per cent and automotive company Amotiv fell 4.2 per cent.

It followed the release of disappointing jobs numbers in the US which experts have warned are representative of the economy's declining health.

The world’s largest economy added just 22,000 jobs outside farming in August, well below the 75,000 analysts had expected.

The jobs slump could boost the case for a rate cut when the Federal Reserve mee

See Full Page