US Economy Adds 531,000 Jobs in October: Experts React to Booming Payroll Growth

A help wanted sign is posted at a taco stand in Solana Beach, Calif., on July 17, 2017. Mike Blake/Reuters

The SPDR S&P 500 ETF Trust traded slightly higher Friday morning after the Labor Department reported a strong rebound in the U.S. jobs market in October.

The United States added 531,000 jobs in October, exceeding consensus economist estimates of 450,000 jobs. The U.S. unemployment rate fell to 4.6 percent from 4.8 percent, beating economist estimates of 4.7 percent.