Markets move after US employment data comes in weaker than expected. Multiple reports say the US economy adds only 57,000 jobs in the latest nonfarm payrolls figure, which is about half of what analysts had expected. The data also shows job growth is downgraded for the prior two months, indicating a weaker trend than previously reported. In response to the employment slowdown, the US dollar declines. At the same time, stocks rise, suggesting investors adjust their outlook for the path of US policy and interest rates based on softer labor-market conditions. Overall, the releases point to a cooling labor market relative to expectations, with currency and equity markets reacting immediately to the weaker-than-forecast jobs figure and the revision to earlier months. The reports focus on the same central figures—57,000 jobs added and the dollar’s drop—while describing stocks as performing positively following the surprise in the data.