US Unemployment Rate comes in at 4.1% against 4.1% consensus

The US Unemployment Rate for September 2026 was released today at 4.1%. This figure matched the consensus expectation of 4.1%. The previous month’s reading was also 4.1%, indicating no change in the unemployment rate. The surprise versus consensus was 0.0%.

Following the release, the US Dollar showed a mixed reaction against major currencies. AUDUSD fell by 20 pips 15 minutes after the release, while EURUSD declined by 27 pips and GBPUSD fell by 35 pips over the same period. NZDUSD also moved lower by 27 pips. In contrast, USDCAD rose by 70 pips, USDCHF gained 33 pips, and USDJPY increased by 22 pips 15 minutes post-release. Gold, XAUUSD, fell by 759 pips 15 minutes after the data. For context, the 15-minute moves for AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCHF, and USDJPY were smaller than their respective median 1-hour moves of 16 pips, 22 pips, 23 pips, 16 pips, 18 pips, and 27 pips. USDCAD’s 70-pip move was larger than its median 1-hour move of 26 pips and exceeded its top-quarter move threshold of 41 pips. XAUUSD’s 759-pip decline was significantly larger than its median 1-hour move of 55 pips and its top-quarter threshold of 126 pips.