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Live updates: Unemployment rate jumps to 4.1 per cent in April, Australian share market higher after strong performance on Wall Street

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The Australian share market has opened higher after data showed US inflation is cooling, while the unemployment rate has ticked up to 4.1 per cent in April. Follow live.

Live updates: Unemployment rate jumps to 4.1 per cent in April, Australian share market higher after strong performance on Wall StreetThe Australian share market has opened higher, taking cues from Wall Street, after data showed US inflation is cooling.

The participation rate also increased slightly by 0.1 percentage point in April, with employment rising by around 38,000 people. Read more about just how the figures were put together and whether the budget will help deal with longer-term challenges:Last month That's raised questions about whether the former president — who has questioned America's commitment to some international alliances — would support AUKUS if re-elected in November.Global stock markets rose to record highs after data showed consumer prices in the US rose less than expected in April, giving investors hope inflation was on its way down and that the Federal Reserve would cut interest rates this year.As we reported earlier the US consumer price index was up 3.

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