The gain of 223,000 jobs in April suggested that the economy may be regaining its footing after a slow start to the year.
The Dow Jones industrial average climbed 276 points, or 1.6 per cent, to 18,202 as of 11:45 a.m. Eastern time Friday.
The Standard & Poor's 500 index gained 29 points, or 1.4 per cent, to 2,117. The Nasdaq composite rose 66 points, or 1.4 per cent, to 5,012.
All 10 sectors in the S&P 500 index rose, led by materials companies.
Monster Beverage sank 9 per cent after reporting results that fell short of analysts' forecasts.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.11 per cent.