Hurricane's Harvey and Irma weighed on October's jobs report, which has sparked a market-wide reaction.
The U.S. economy added 261,000 jobs in October, according to the Labor Department, but October's headline number was weaker than expected. Economists anticipated 308,000 jobs to have been added to the U.S. economy in October, according to FactSet.
Despite the miss unemployment fell to 4.1%, the lowest level since December 2000. Hourly pay rose 2.4% year over year, weaker than an expected increase of 2.7%.
Following the jobs' report Friday morning, markets in the U.S. were all in the green with the Dow Jones Industrial Average, and S&P 500 climbing higher, and the Nasdaq rising higher 0.26%, as Apple's fourth-quarter earnings results boosted the index.
In response to October's jobs report, the
was climbing 0.11% to $94.69.
Oil was also jumping in the aftermath of the jobs' report, higher by 0.29% to $54.70 per barrel.
Conversely, Gold was falling after the release of the employment report, lower 0.1252% to $1,276.50.
The service sector contributed to the majority of October's jobs growth, adding 150,000 jobs. The U.S.' service industries grew in October at the fastest rate since August 2005,
The leisure and hospitality sector added 106,000 jobs after losing 102,000 in September.
Stocks in this sector including hotel chains Marriott International
(MAR) - Get Report and Hilton Worldwide
(HLT) - Get Report were both climbing higher, as were shares of cruise lines including Royal Caribbean Cruises
(RCL) - Get Report and Carnival Corp
(CCL) - Get Report .
More of What's Trending on TheStreet: