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

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.

How NEAR Protocol moved

NEAR Protocol was at $1.110 when the figure came out. Fifteen minutes later it was unchanged, and an hour later unchanged. Its high-to-low range in the hour after was 0.9% of its price, against 0.9% in the hour before.

Measured by Clometrix

NEAR Protocol's volume ratio was 2.64x, against a typical 2.25x. Its volatility ratio could not be measured: the price barely moved through the rest of the day, so there is no ordinary quarter hour to compare against. The ratio compares the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change.

What made it matter

Since 2021, JOLTs Job Openings releases in the two weeks before a Fed decision have moved NEAR Protocol about as much as those at other times: a median volatility ratio of 1.57x across 25, against 1.56x across 42. This one was not within two weeks of a Fed decision.

Its record

Across 67 JOLTs Job Openings releases since 2021, NEAR Protocol's median volatility ratio is 1.57x.

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	1.11	1.11	1.11	0.00%	0.00%	0.00%	4,058 NEAR
5 minutes	1.11	1.10	1.10	-0.91%	0.90%	0.00%	33,034 NEAR
10 minutes	1.11	1.10	1.11	0.00%	0.90%	0.00%	50,146 NEAR
15 minutes	1.11	1.10	1.11	0.00%	0.90%	0.00%	69,003 NEAR
30 minutes	1.11	1.10	1.10	-0.91%	0.90%	0.89%	156,853 NEAR
1 hour	1.11	1.10	1.11	0.00%	0.90%	0.89%	295,401 NEAR
2 hours	1.11	1.10	1.10	-0.91%	0.90%	1.79%	552,436 NEAR
4 hours	1.11	1.10	1.10	-0.91%	0.90%	1.79%	806,177 NEAR
6 hours	1.11	1.09	1.10	-0.91%	1.80%	1.79%	1.039M NEAR
8 hours	1.12	1.10	1.10	-1.82%	1.79%	0.00%	1.404M NEAR
12 hours	1.11	1.06	1.08	-2.78%	4.50%	1.79%	2.764M NEAR

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 NEAR Protocol

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.