How Aptos reacted to the Job Openings and Labor Turnover Survey on 3 October 2023

The short answer

A strong reaction. In the 15 minutes after the figure came out, Aptos's price swung 2.50 times as much as in a normal 15 minutes that day. For a JOLTs Job Openings release, 1.77 times is usual. An hour later the price was 0.92% lower.

2.50x

Strong

Trading (volume ratio)
4.18x
usual for JOLTs Job Openings: 2.42x
Price at 10:00 AM
$5.410
15 minutes later
−0.55%
One hour later
−0.92%
range 1.29%, hour before 0.92%
APT/USDT, 5 minutes candles around the release, 10:00 AM America/New York

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

Open
5.460
Close
5.190
24h change
-5.20%
24h high
5.460
24h low
5.110
24h volume
2.096M APT

Measured by Clometrix

Aptos's volatility ratio was 2.50x, against 1.77x for a typical JOLTs Job Openings release since 2021. Its volume ratio was 4.18x, against a typical 2.42x. That is a strong reaction by this release's own standard. 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 Aptos moved

Aptos was at $5.410 when the figure came out. Fifteen minutes later it was 0.55% lower, and an hour later 0.92% lower. Its high-to-low range in the hour after was 1.29% of its price, against 0.92% in the hour before.

The release

Released by the Bureau of Labor Statistics on 3 October 2023 at 10:00 AM EDT. The Job Openings and Labor Turnover Survey rose to 9.287M for August 2023, from 8.606M in July 2023.

What made it matter

Since 2021, JOLTs Job Openings releases in the two weeks before a Fed decision have moved Aptos less than those at other times: a median volatility ratio of 1.72x across 18, against 2.00x across 29. This one was not within two weeks of a Fed decision. Its own ratio of 2.50x compares with 2.00x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 47 JOLTs Job Openings releases since 2021, Aptos's median volatility ratio is 1.77x.

How it compares

Across 47 JOLTs Job Openings releases since 2021, Aptos's usual price swing is 1.77x. This one was 1.42 times the usual.

MutedOrdinaryStrongExceptional

Thin line: JOLTs Job Openings's usual, 1.77x. Thick line: this release, 2.50x.

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 5.41 5.37 5.38 -0.56% 0.74% 0.00% 25,616 APT
5 minutes 5.41 5.36 5.36 -0.93% 0.92% 0.18% 45,317 APT
10 minutes 5.41 5.36 5.38 -0.56% 0.92% 0.18% 56,223 APT
15 minutes 5.41 5.36 5.38 -0.56% 0.92% 0.55% 59,917 APT
30 minutes 5.41 5.36 5.37 -0.74% 0.92% 0.55% 70,941 APT
1 hour 5.41 5.34 5.36 -0.93% 1.29% 0.92% 141,189 APT
2 hours 5.41 5.32 5.36 -0.93% 1.66% 1.48% 297,455 APT
4 hours 5.41 5.32 5.40 -0.19% 1.66% 1.48% 402,810 APT
6 hours 5.41 5.32 5.37 -0.74% 1.66% 1.66% 512,679 APT
8 hours 5.42 5.32 5.40 -0.19% 1.85% 1.83% 724,582 APT
12 hours 5.41 5.11 5.19 -4.24% 5.55% 2.20% 1.345M APT

Every coin at this release

Coin Price swing Usual for JOLTs Job Openings Reaction
Bitcoin 3.42x 2.22x Strong
Ethereum 2.83x 2.00x Strong
XRP 1.00x 1.58x Quiet
BNB 2.74x 1.77x Strong
Solana 1.17x 1.81x Quiet
Dogecoin 2.01x 1.76x Ordinary
TRON 2.61x 1.52x Strong
Cardano 1.19x 1.66x Quiet
Chainlink 1.20x 1.71x Quiet
Sui 1.61x 1.91x Ordinary
Bitcoin Cash 3.82x 1.81x Exceptional
Hedera 1.50x 1.53x Ordinary
Avalanche 1.50x 1.67x Quiet
Litecoin 2.02x 1.87x Ordinary
Shiba Inu 1.50x 1.49x Quiet
Uniswap 1.52x 1.53x Ordinary
Polkadot 2.00x 1.63x Ordinary
Aave 1.88x 1.79x Ordinary
NEAR Protocol Not measured 1.57x -
Aptos 2.50x 1.77x Strong
Internet Computer 2.01x 1.69x Ordinary
POL (prev. MATIC) 1.44x 1.82x Quiet
Filecoin 2.00x 1.50x Strong

What is the Job Openings and Labor Turnover Survey?

The job openings and labor turnover survey (JOLTS) is a monthly report by the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor counting job vacancies and separations, including the number of workers voluntarily quitting employment. The BLS surveys more than 20,000 businesses and government offices to estimate the numbers of U.S. job vacancies, hires, and separations included in the monthly jobs report. The job separations numbers are subdivided into three categories: quits, or voluntary resignations; layoffs and discharges; and other separations, which include deaths and retirements. The number of vacancies is a widely followed indicator of labor demand, while the quits rate is partly a function of employment demand. Job hires and separations can be used to gauge labor turnover.

Every JOLTs Job Openings release for Aptos

Questions about this page

Is 2.50x a lot?

For a JOLTs Job Openings release it is strong: the usual is 1.77x. Each report has its own usual size, and its releases show it.

Will the next JOLTs Job Openings do the same?

Nobody can say. A forecast shows the range Aptos moved in after past JOLTs Job Openings releases, so you can plan for the likely size of the move.

What is the JOLTs report?

JOLTs is the Job Openings and Labor Turnover Survey published by the Bureau of Labor Statistics. It is released at 10:00 a.m. ET. Its median Bitcoin price swing since 2021 is 2.22x, which places it in Tier 2.

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.