How POL (prev. MATIC) reacted to the Job Openings and Labor Turnover Survey on 5 November 2019

The release

Released by the Bureau of Labor Statistics on 5 November 2019 at 10:00 AM EST. The Job Openings and Labor Turnover Survey fell to 7.124M for September 2019, from 7.178M in August 2019.

How POL (prev. MATIC) moved

POL (prev. MATIC) was at $0.0149 when the figure came out. Fifteen minutes later it was 0.61% higher, and an hour later 0.27% higher. Its high-to-low range in the hour after was 1.88% of its price, against 2.83% in the hour before.

Measured by Clometrix

POL (prev. MATIC)'s volatility ratio was 1.62x, against 1.82x for a typical JOLTs Job Openings release since 2021. Its volume ratio was 6.43x, against a typical 2.36x. That is about what this release usually does. 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.

What made it matter

Since 2021, JOLTs Job Openings releases in the two weeks before a Fed decision have moved POL (prev. MATIC) less than those at other times: a median volatility ratio of 1.53x across 25, against 1.98x across 43. This one was not within two weeks of a Fed decision. Its own ratio of 1.62x compares with 1.98x for those, so it moved the price less than its circumstances would suggest.

Its record

Across 68 JOLTs Job Openings releases since 2021, POL (prev. MATIC)'s median volatility ratio is 1.82x.

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	0.01486	0.01486	0.01486	0.00%	0.00%	0.13%	10,118 POL
5 minutes	0.01503	0.01486	0.01502	1.07%	1.13%	0.27%	6.851M POL
10 minutes	0.01503	0.01486	0.015	0.93%	1.13%	1.60%	9.659M POL
15 minutes	0.01503	0.01486	0.01495	0.60%	1.13%	1.73%	10.217M POL
30 minutes	0.01503	0.01486	0.01489	0.20%	1.13%	1.93%	11.807M POL
1 hour	0.01514	0.01486	0.0149	0.27%	1.85%	2.80%	30.981M POL
2 hours	0.01514	0.01481	0.015	0.93%	2.18%	4.13%	43.735M POL
4 hours	0.01514	0.01471	0.01496	0.67%	2.84%	4.20%	57.539M POL
6 hours	0.01514	0.01471	0.01481	-0.34%	2.84%	5.27%	71.436M POL
8 hours	0.01514	0.01437	0.01496	3.28%	5.09%	4.91%	132.818M POL
12 hours	0.01514	0.01461	0.01477	-0.61%	3.50%	7.00%	98.205M POL

Every coin at this release

Coin	Price swing	Usual for JOLTs Job Openings	Reaction
Bitcoin	1.80x	2.22x	Ordinary
Ethereum	1.93x	2.00x	Ordinary
XRP	0.70x	1.58x	Quiet
BNB	1.38x	1.77x	Quiet
Dogecoin	1.03x	1.76x	Quiet
TRON	1.20x	1.52x	Quiet
Cardano	1.26x	1.66x	Quiet
Chainlink	1.00x	1.71x	Quiet
Hedera	3.01x	1.53x	Strong
Litecoin	2.03x	1.87x	Ordinary
POL (prev. MATIC)	1.62x	1.82x	Ordinary

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 POL (prev. MATIC)

Questions about this page

Is 1.62x a lot?

For a JOLTs Job Openings release it is ordinary: the usual is 1.82x. 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 POL (prev. MATIC) 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.

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.