The release
Released by the Bureau of Labor Statistics on 30 July 2024 at 10:00 AM EDT. The Job Openings and Labor Turnover Survey fell to 7.412M for June 2024, from 7.901M in May 2024.
Measured by Clometrix
Litecoin's volatility ratio was 1.35x, against 1.87x for a typical JOLTs Job Openings release since 2021. Its volume ratio was 1.89x, against a typical 2.22x. 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 Litecoin moved
Litecoin was at $73.10 when the figure came out. Fifteen minutes later it was 0.26% higher, and an hour later 0.07% higher. Its high-to-low range in the hour after was 0.63% of its price, against 1.03% in the hour before.
What made it matter
Since 2021, JOLTs Job Openings releases in the two weeks before a Fed decision have moved Litecoin about as much as those at other times: a median volatility ratio of 1.76x across 25, against 1.90x across 44. This one came out the day before the Federal Reserve's 31 July rate decision. Its own ratio of 1.35x compares with 1.76x for those, so it moved the price less than its circumstances would suggest.
How it compares
Across 69 JOLTs Job Openings releases since 2021, Litecoin's usual price swing is 1.87x. This one was 0.72 times the usual.
Thin line: JOLTs Job Openings's usual, 1.87x. Thick line: this release, 1.35x. 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 | 73.12 | 73.01 | 73.02 | -0.11% | 0.15% | 0.01% | 438 LTC |
| 5 minutes | 73.16 | 72.94 | 73.09 | -0.01% | 0.30% | 0.16% | 2,892 LTC |
| 10 minutes | 73.29 | 72.94 | 73.22 | 0.16% | 0.48% | 0.25% | 3,397 LTC |
| 15 minutes | 73.30 | 72.94 | 73.29 | 0.26% | 0.49% | 0.48% | 4,059 LTC |
| 30 minutes | 73.39 | 72.94 | 73.16 | 0.08% | 0.61% | 1.02% | 5,799 LTC |
| 1 hour | 73.40 | 72.94 | 73.15 | 0.07% | 0.63% | 1.02% | 13,506 LTC |
| 2 hours | 73.42 | 72.93 | 73.25 | 0.20% | 0.67% | 1.02% | 26,630 LTC |
| 4 hours | 73.44 | 72.25 | 72.42 | -0.94% | 1.62% | 1.02% | 55,097 LTC |
| 6 hours | 73.44 | 71.70 | 71.98 | -1.56% | 2.37% | 1.32% | 80,825 LTC |
| 8 hours | 73.84 | 72.25 | 72.42 | -1.51% | 2.15% | 1.34% | 91,626 LTC |
| 12 hours | 73.44 | 71.08 | 72.23 | -1.20% | 3.21% | 1.34% | 139,575 LTC |
Every coin at this release
| Coin | Price swing | Usual for JOLTs Job Openings | Reaction |
|---|---|---|---|
| Bitcoin | 2.38x | 2.22x | Ordinary |
| Ethereum | 1.33x | 2.00x | Quiet |
| XRP | 1.57x | 1.58x | Ordinary |
| BNB | 1.67x | 1.77x | Ordinary |
| Solana | 4.17x | 1.81x | Exceptional |
| Dogecoin | 1.29x | 1.76x | Quiet |
| TRON | 1.70x | 1.52x | Ordinary |
| Cardano | 1.44x | 1.66x | Quiet |
| Chainlink | 1.48x | 1.71x | Quiet |
| Sui | 1.51x | 1.91x | Ordinary |
| Bitcoin Cash | 1.41x | 1.81x | Quiet |
| Hedera | 1.32x | 1.53x | Quiet |
| Avalanche | 2.26x | 1.67x | Strong |
| Litecoin | 1.35x | 1.87x | Quiet |
| Shiba Inu | 1.12x | 1.49x | Quiet |
| Uniswap | 1.34x | 1.53x | Quiet |
| Polkadot | 1.48x | 1.63x | Quiet |
| Aave | 1.66x | 1.79x | Ordinary |
| Bittensor | 1.38x | 1.75x | Quiet |
| NEAR Protocol | 1.68x | 1.57x | Ordinary |
| Aptos | 1.30x | 1.77x | Quiet |
| Internet Computer | 1.81x | 1.69x | Ordinary |
| POL (prev. MATIC) | 1.17x | 1.82x | Quiet |
| Filecoin | 1.48x | 1.50x | Quiet |
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.Questions about this page
Is 1.35x a lot?
No. Under 1.5x the market barely noticed the release.
Will the next JOLTs Job Openings do the same?
Nobody can say. A forecast shows the range Litecoin 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.