The steady job growth has helped reassure consumers that the economy is expanding and that their jobs and incomes remain secure.

Consumer spending has become an even more important driver of growth as the Trump administration’s trade conflicts have reduced exports and led many businesses to cut spending.

U.S. stocks jumped in early trading Friday after the government reported that employers added far more jobs than expected in November and unemployment fell to a 50-year low.

The strong report should help ease any doubts among investors that the U.S. economy remains healthy.

The surprisingly good employment picture comes at the end of what started as a rough week for the market and the S&P 500 is now on track to erase its losses.

Technology and bank stocks led the gains. The solid jobs report sent bond yields higher.

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