The Standard & Poor's 500 rose 0.96% to end at a record 1,557.59. Earlier, the Dow Jones Industrial Average and Nasdaq had hit record intraday levels.
Data showed more jobs were added in the US during September than had been forecast while August employment data was revised upwards.
The data was welcome news after earlier figures showed the economy was slowing.
Orders for US factory goods saw their largest drop in seven months in August, US Commerce Department data showed a day earlier.
Overall picture
"From the jobs numbers that we got today, we saw that most of the economy is actually doing a lot better than people thought it was doing," said Cleveland Rueckert, market analyst at Birinyi Associates.
TJ Marta, an economic strategist with RBC Capital Markets, echoed this, saying: "We're not seeing a weakening of the labour market. There's no indication that the wheels are falling off."
Gainers on the Nasdaq included Brillian, up 25.6%, while Neopharm added 20%.
In addition Research in Motion, the maker of Blackberry devices, saw shares 12.7% higher after second-quarter profits more than doubled.
Earlier on Friday the Dow Jones Industrial Average hit a record intraday high of 14,124.54 while the Nasdaq rose to 2,784.93 - its highest since January 2001.
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