How Avalanche reacted to the Job Openings and Labor Turnover Survey on 4 April 2023

The release

Released by the Bureau of Labor Statistics on 4 April 2023 at 10:00 AM EDT. The Job Openings and Labor Turnover Survey fell to 9.846M for February 2023, from 10.393M in January 2023.

How Avalanche moved

Avalanche was at $17.32 when the figure came out. Fifteen minutes later it was 0.46% higher, and an hour later unchanged. Its high-to-low range in the hour after was 0.92% of its price, against 0.87% in the hour before.

Measured by Clometrix

Avalanche's volatility ratio was 1.51x, against 1.67x for a typical JOLTs Job Openings release since 2021. Its volume ratio was 3.10x, against a typical 2.21x. 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 Avalanche more than those at other times: a median volatility ratio of 1.99x across 25, against 1.58x across 44. This one was not within two weeks of a Fed decision. Its own ratio of 1.51x compares with 1.58x for those, about what its circumstances would suggest.

Its record

Across 69 JOLTs Job Openings releases since 2021, Avalanche's median volatility ratio is 1.67x.

How it compares

Across 69 JOLTs Job Openings releases since 2021, Avalanche's usual price swing is 1.67x. This one was 0.91 times the usual.

MutedOrdinaryStrongExceptional

Thin line: JOLTs Job Openings's usual, 1.67x. Thick line: this release, 1.51x.

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	17.34	17.32	17.34	0.12%	0.12%	0.12%	12,338 AVAX
5 minutes	17.37	17.32	17.37	0.29%	0.29%	0.17%	24,372 AVAX
10 minutes	17.38	17.32	17.36	0.23%	0.35%	0.35%	28,180 AVAX
15 minutes	17.41	17.32	17.40	0.46%	0.52%	0.46%	32,463 AVAX
30 minutes	17.43	17.32	17.40	0.46%	0.63%	0.80%	53,623 AVAX
1 hour	17.48	17.32	17.32	0.00%	0.92%	0.86%	109,166 AVAX
2 hours	17.48	17.23	17.37	0.29%	1.43%	0.86%	260,796 AVAX
4 hours	17.49	17.23	17.46	0.80%	1.49%	1.32%	366,411 AVAX
6 hours	17.64	17.23	17.53	1.20%	2.32%	1.95%	525,604 AVAX
8 hours	17.49	17.21	17.46	1.26%	1.60%	1.45%	661,783 AVAX
12 hours	18.08	17.23	17.91	3.29%	4.70%	2.52%	1.123M AVAX

Every coin at this release

Coin	Price swing	Usual for JOLTs Job Openings	Reaction
Bitcoin	1.30x	2.22x	Quiet
Ethereum	0.91x	2.00x	Quiet
XRP	1.14x	1.58x	Quiet
BNB	1.17x	1.77x	Quiet
Solana	1.25x	1.81x	Quiet
Dogecoin	0.90x	1.76x	Quiet
TRON	1.62x	1.52x	Ordinary
Cardano	0.94x	1.66x	Quiet
Chainlink	1.32x	1.71x	Quiet
Bitcoin Cash	1.25x	1.81x	Quiet
Hedera	1.24x	1.53x	Quiet
Avalanche	1.51x	1.67x	Ordinary
Litecoin	1.31x	1.87x	Quiet
Shiba Inu	0.86x	1.49x	Quiet
Uniswap	1.50x	1.53x	Ordinary
Polkadot	1.34x	1.63x	Quiet
Aave	1.31x	1.79x	Quiet
NEAR Protocol	2.00x	1.57x	Ordinary
Aptos	0.60x	1.77x	Quiet
Internet Computer	1.00x	1.69x	Quiet
POL (prev. MATIC)	Not measured	1.82x	-
Filecoin	0.99x	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.

Every JOLTs Job Openings release for Avalanche

Questions about this page

Is 1.51x a lot?

For a JOLTs Job Openings release it is ordinary: the usual is 1.67x. 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 Avalanche 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.