Aust share market trading higher - www.thebull.com.au

The Australian share market is trading higher, boosted by a lift in US markets and better-than-expected domestic unemployment figures.Australia’s unemployment rate fell to 5.8 per cent in March, and the number of people with jobs rose 18,100 in the month.Economists had expected total employment to fall by 5,000 in March, and an unemployment rate of 6.1 per cent.”The unemployment rate at 5.8 per cent is much better than expected,” Invast Securities chief market analyst Peter Esho said.”It will probably be the most significant development on the market this morning.”He said the unemployment figures had boosted the Australian dollar and would probably help the local share market hold on to most of the gains made in earlier trading.Early trading on the Australian share market …


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