Shares have closed higher and above 6200 points for the first time since March as the Australian market defied a negative US lead.

The S&P/ASX200 benchmark closed higher by 31.1 points, or 0.5 per cent, to 6210.3 on Thursday.

The All Ordinaries index finished up by 26.8 points, or 0.42 per cent, to 6414.2.

Earlier, RBA Governor Philip Lowe said further monetary easing would get more traction as the economy opens. Many took this to be a signal of a rate cut next month.

September jobs figures proved better than expected. The unemployment rate rose 0.1 per cent to 6.9 per cent. Economists had expected the rate to rise to 7.1 per cent.

The Aussie dollar was buying 71.33 US cents at 1619 AEDT, lower from 71.68 US cents at the close of trade on Wednesday.