Unemployment rising and a strong lead from Wall Street pushed the Australian share market to its best day for six weeks.Monthly jobless numbers for April came in higher than expected, with unemployment rising 0.2 points to 4.5 per cent.Encouraged by the strong sign interest rates will be held next month, the ASX200 rose 1.47 per cent to 8621.7, the largest single day gain since April 8.The All Ords was up 1.4 per cent and eight of 11 sectors finished in the green.IG analyst Tony Sycamore said rising unemployment was good news for the local sharemarket with its heavy weighting toward interest rate sensitive financial, real estate and consumer discretionary stocks.“The April employment report showed a fall of 18,600 jobs, well below the expected gain of 15,000,” he said.“While a slowing jobs market is unwelcome news for job hunters, it is good news for the ASX200. This is because it reduces the likelihood of further aggressive RBA rate hikes this year.”Wall Street snapped a three-day losing streak overnight, and the jobs data pushed the Aussie Dollar down. Oil made some gains back on a prior day sell-off, and gold rose. Japan’s Nikkei 225 Index rallied 3.1 per cent.Australia’s mining equities led the way Thursday, with a sector gain of 2.6 per cent; James Hardie jumped 5.4 per cent as Macquarie and Morgans analysts lowered price targets but kept them above the current $27.99 price; down to $39.60 and $39 respectively.Evolution Mining also lifted 3.8 per cent, Rio Tinto rose 3.2 per cent and Liontown spiked 4.2 per cent.Gold miner Northern Star fell 2.1 per cent as its 13-year managing director announced he was stepping down.Jewellery retailer and piercer Skinkandy made its ASX debut, rising 6.8 per cent.Stake analyst Samy Sriram said the float was notable as a divergence from Australian mining and materials IPOs.“With the recent public market listings of Koala and now Skinkandy, we might be seeing more diversified players make their ASX debut,” she said.“The offering to investors is essentially a retail growth option … the 27 per cent EBITDA margin is impressive for a services-led retailer, and if that holds as the business scales internationally, the valuation becomes easier to justify.“Early trade momentum suggests the market might be willing to give management the benefit of the doubt for now.”Real estate was also in green territory on the back of the jobs data, with retirement village provider Gemlife Communities rallying 4 per cent, as did Lifestyle Communities with a 2.7 per cent bump.Goodman, Vicinity Centres, Stockland, Charter Hall and Mirvac all gained over 2 per cent each.Zip Co rose 2.7 per cent on news it secured the right to use the Zip brand after a legal stoush.Read related topics:ASX