Just in time for Christmas, the Bureau of Labor Statistics has released its latest report that finds that non-farm payroll employment increased by 321,000 in November and that the unemployment rate is unchanged at 5.8 percent.

November's increase is the biggest single-month gain in payrolls since January 2012 and signals the 10th straight month in a row that the U.S. economy has seen payrolls grow by more than 200,000, which, according to the Business Insider, is the longest such streak since 1995.

According to the released statement, employment in professional and business services rose by 86,000, retail trade employment grew by 50,000, and health care added 29,000 jobs in November. Meanwihle, employment in manufacturing grew by 28,000, while the transportation and warehousing added industries added 17,000 jobs.

The robust economic news is already affecting the market as the Dow, the S&P 500, and the Nasdaq composite are each up 0.1 percent or a bit more.

Analysts are understandably excited about this news.

"One word can describe today's report: spectacular," Todd Schoenberger, managing partner at LandColt Capital, told CNBC. "It's clear lower prices at the pump are attributing to the easy beat as consumers are enjoying the extra pocket change while increasing their discretionary budgets."

According to Forbes, JJ Kinahan, TD Ameritrade chief strategist, said that Friday's economic update was "outside any estimate I had seen even on the high side."

"Overall this is a home run in terms of jobs created," he continued.

Mark Lindbloom, portfolio manager at Western Asset Management, called the released job statistics a good report "across the board."

Before the report was released, according to USA Today, Asian stocks were for the most part higher. As had been anticipated, the European Central Bank kept its benchmark interest rate unchanged at 0.05 percent.

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