How Chainlink reacted to Continued Jobless Claims on 29 October 2026

The short answer

Hardly a reaction. In the 15 minutes after the figure came out, Chainlink's price swung 1.31 times as much as in a normal 15 minutes that day. For a Continued Claims release, 1.43 times is usual. An hour later the price was 0.69% higher.

1.31x

Quiet

Trading (volume ratio)
0.98x
usual for Continued Claims: 1.62x
Price at 8:30 AM
$11.62
15 minutes later
+0.17%
One hour later
+0.69%
range 0.95%, hour before 0.69%
LINK/USDT, 1 minute candles around the release, 8:30 AM America/New York

The dashed orange line is the release. Chart data from Binance.

Open
11.82
Close
10.33
24h change
-14.42%
24h high
12.02
24h low
10.27
24h volume
4.808M LINK

The release

Released by the Department of Labor on 29 October 2026 at 8:30 AM EDT. Continued Jobless Claims fell to 1701K for the week ending 17th Oct, from 1728K in the week ending 10th Oct.

It arrived at the same moment as Personal Income and Outlays, Personal Consumption Expenditures, Core Personal Consumption Expenditures, Initial Jobless Claims and Gross Domestic Product Report, so the reaction measured on this page belongs to all of them together.

Measured by Clometrix

Chainlink's volatility ratio was 1.31x, against 1.43x for a typical Continued Claims release since 2021. Its volume ratio was 0.98x, against a typical 1.62x. Under 1.5x is not a reaction at all: the market barely noticed this release. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.

How Chainlink moved

Chainlink was at $11.62 when the figure came out. Fifteen minutes later it was 0.17% higher, and an hour later 0.69% higher. Its high-to-low range in the hour after was 0.95% of its price, against 0.69% in the hour before.

What made it matter

Since 2021, Continued Claims releases in the two weeks before a Fed decision have moved Chainlink about as much as those at other times: a median volatility ratio of 1.45x across 92, against 1.38x across 204. This one came out the day after the Federal Reserve's 28 October rate decision. Its own ratio of 1.31x compares with 1.38x for those, about what its circumstances would suggest.

How it compares

Across 296 Continued Claims releases since 2021, Chainlink's usual price swing is 1.43x. This one was 0.91 times the usual.

MutedOrdinaryStrongExceptional

Thin line: Continued Claims's usual, 1.43x. Thick line: this release, 1.31x. Under 1.5x counts as no reaction at all.

Minute by minute

Each row is the time after the release, with the same length of time before it for comparison.

After High Low Close Change Range Range before Volume
1 minute 11.67 11.62 11.62 0.00% 0.43% 0.17% 7,055 LINK
5 minutes 11.67 11.59 11.61 -0.09% 0.69% 0.34% 11,619 LINK
10 minutes 11.67 11.59 11.65 0.26% 0.69% 0.34% 16,835 LINK
15 minutes 11.67 11.59 11.64 0.17% 0.69% 0.43% 19,242 LINK
30 minutes 11.67 11.59 11.63 0.09% 0.69% 0.69% 32,030 LINK
1 hour 11.70 11.59 11.70 0.68% 0.94% 0.69% 75,219 LINK
2 hours 11.70 11.58 11.65 0.26% 1.03% 1.55% 160,931 LINK
4 hours 12.02 11.58 11.91 2.43% 3.66% 2.06% 547,068 LINK
6 hours 12.02 11.58 11.71 0.77% 3.66% 2.49% 704,278 LINK
8 hours 12.02 11.41 11.91 3.95% 5.07% 4.56% 727,731 LINK
12 hours 12.02 10.27 10.33 -12.49% 14.56% 4.56% 4.015M LINK

Every coin at this release

Coin Price swing Usual for Continued Claims Reaction
Bitcoin 1.24x 1.52x Quiet
Ethereum 1.46x 1.47x Quiet
XRP 0.00x 1.18x Quiet
BNB 0.88x 1.42x Quiet
Solana 1.51x 1.39x Ordinary
Dogecoin 1.28x 1.39x Quiet
TRON 0.67x 1.33x Quiet
Cardano 1.09x 1.35x Quiet
Chainlink 1.31x 1.43x Quiet
Sui 1.09x 1.24x Quiet
Bitcoin Cash 0.89x 1.34x Quiet
Hedera 1.16x 1.32x Quiet
Avalanche 0.99x 1.42x Quiet
Litecoin 1.10x 1.38x Quiet
Gram 0.00x 1.02x Quiet
Shiba Inu 0.99x 1.34x Quiet
Uniswap 1.00x 1.35x Quiet
Polkadot 1.14x 1.31x Quiet
Aave 1.27x 1.38x Quiet
Bittensor 1.02x 1.41x Quiet
NEAR Protocol 1.25x 1.24x Quiet
Aptos 1.76x 1.41x Ordinary
Internet Computer 1.01x 1.46x Quiet
POL (prev. MATIC) 1.29x 1.42x Quiet
Filecoin 1.14x 1.27x Quiet

What is Continued Jobless Claims?

The weekly claims report is released Thursdays at 8:30 a.m. ET by the U.S. Department of Labor (DOL). Continued claims, also referred to as insured unemployment, is the number of people who have already filed an initial claim and who have experienced a week of unemployment and then filed a continued claim to claim benefits for that week of unemployment. Continued claims data are based on the week of unemployment, not the week when the initial claim was filed.

Every Continued Claims release for Chainlink

Questions about this page

Is 1.31x a lot?

No. Under 1.5x the market barely noticed the release.

Will the next Continued Claims do the same?

Nobody can say. A forecast shows the range Chainlink moved in after past Continued Claims releases, so you can plan for the likely size of the move.

Do weekly jobless claims move crypto?

Weekly jobless claims have a median Bitcoin price swing of 1.52x since 2021, which places Initial Claims and Continued Claims in Tier 3. They are released at 8:30 a.m. ET. When a claims release falls on the same minute as a bigger report, such as CPI, the reaction belongs to both. Clometrix measures 296 claims releases in the record since 2021.

More questions · Glossary

Disclaimer

The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.