The release
Released by the Bureau of Labor Statistics on 29 August 2023 at 10:00 AM EDT. The Job Openings and Labor Turnover Survey fell to 8.606M for July 2023, from 9.191M in June 2023.
How NEAR Protocol moved
NEAR Protocol was at $1.180 when the figure came out. Fifteen minutes later it was 0.85% higher, and an hour later 5.08% higher. Its high-to-low range in the hour after was 6.78% of its price, against 0.85% in the hour before.
Measured by Clometrix
NEAR Protocol's volume ratio was 1.75x, 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 | 1.18 | 1.18 | 1.18 | 0.00% | 0.00% | 0.00% | 4,007 NEAR |
| 5 minutes | 1.19 | 1.18 | 1.19 | 0.84% | 0.84% | 0.00% | 20,564 NEAR |
| 10 minutes | 1.19 | 1.18 | 1.19 | 0.84% | 0.84% | 0.00% | 38,775 NEAR |
| 15 minutes | 1.19 | 1.18 | 1.19 | 0.84% | 0.84% | 0.00% | 52,749 NEAR |
| 30 minutes | 1.24 | 1.18 | 1.23 | 4.07% | 4.84% | 0.00% | 805,158 NEAR |
| 1 hour | 1.26 | 1.18 | 1.24 | 4.84% | 6.35% | 0.85% | 2.156M NEAR |
| 2 hours | 1.26 | 1.18 | 1.23 | 4.07% | 6.35% | 0.85% | 2.912M NEAR |
| 4 hours | 1.26 | 1.18 | 1.24 | 4.84% | 6.35% | 1.69% | 3.913M NEAR |
| 6 hours | 1.26 | 1.18 | 1.23 | 4.07% | 6.35% | 1.69% | 4.298M NEAR |
| 8 hours | 1.26 | 1.16 | 1.24 | 5.65% | 7.94% | 1.68% | 4.373M NEAR |
| 12 hours | 1.26 | 1.18 | 1.22 | 3.28% | 6.35% | 2.52% | 5.548M NEAR |
Every coin at this release
| Coin | Price swing | Usual for JOLTs Job Openings | Reaction |
|---|---|---|---|
| Bitcoin | 4.03x | 2.22x | Strong |
| Ethereum | 3.76x | 2.00x | Strong |
| XRP | 2.39x | 1.58x | Strong |
| BNB | 2.40x | 1.77x | Strong |
| Solana | 2.13x | 1.81x | Ordinary |
| Dogecoin | 2.63x | 1.76x | Strong |
| TRON | 2.50x | 1.52x | Strong |
| Cardano | 1.87x | 1.66x | Ordinary |
| Chainlink | 2.59x | 1.71x | Strong |
| Sui | 1.67x | 1.91x | Ordinary |
| Bitcoin Cash | 1.06x | 1.81x | Quiet |
| Hedera | 1.30x | 1.53x | Quiet |
| Avalanche | 1.67x | 1.67x | Ordinary |
| Litecoin | 2.86x | 1.87x | Strong |
| Shiba Inu | 1.99x | 1.49x | Strong |
| Uniswap | 2.63x | 1.53x | Strong |
| Polkadot | 3.99x | 1.63x | Exceptional |
| Aave | 2.54x | 1.79x | Strong |
| NEAR Protocol | Not measured | 1.57x | - |
| Aptos | 2.01x | 1.77x | Ordinary |
| Internet Computer | 3.98x | 1.69x | Exceptional |
| POL (prev. MATIC) | 3.28x | 1.82x | Strong |
| Filecoin | 1.59x | 1.50x | 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.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.