How Dogecoin reacted to the Job Openings and Labor Turnover Survey on 1 February 2023

The release

Released by the Bureau of Labor Statistics on 1 February 2023 at 10:00 AM EST. The Job Openings and Labor Turnover Survey rose to 10.876M for December 2022, from 10.619M in November 2022.

How Dogecoin moved

Dogecoin was at $0.091560 when the figure came out. Fifteen minutes later it was 0.36% lower, and an hour later 2.29% lower. Its high-to-low range in the hour after was 3.05% of its price, against 1.35% in the hour before.

Measured by Clometrix

Dogecoin's volatility ratio was 1.76x, against 1.76x for a typical JOLTs Job Openings release since 2021. Its volume ratio was 1.36x, 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 Dogecoin about as much as those at other times: a median volatility ratio of 1.79x across 25, against 1.74x across 44. This one came out on the day of the Federal Reserve's 1 February rate decision. Its own ratio of 1.76x compares with 1.79x for those, about what its circumstances would suggest.

Its record

Across 69 JOLTs Job Openings releases since 2021, Dogecoin's median volatility ratio is 1.76x.

How it compares

Across 69 JOLTs Job Openings releases since 2021, Dogecoin's usual price swing is 1.76x. This one was 1.00 times the usual.

MutedOrdinaryStrongExceptional

Thin line: JOLTs Job Openings's usual, 1.76x. Thick line: this release, 1.76x.

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	0.0918	0.0912	0.09148	-0.09%	0.65%	0.25%	6.811M DOGE
5 minutes	0.0918	0.0909	0.09111	-0.49%	0.98%	0.45%	11.794M DOGE
10 minutes	0.0918	0.09072	0.09096	-0.66%	1.18%	0.45%	24.923M DOGE
15 minutes	0.0918	0.09072	0.09123	-0.36%	1.18%	0.82%	27.243M DOGE
30 minutes	0.0918	0.0902	0.09059	-1.07%	1.74%	1.35%	50.552M DOGE
1 hour	0.0918	0.08901	0.08946	-2.35%	3.04%	1.35%	117.243M DOGE
2 hours	0.0918	0.08901	0.09005	-1.68%	3.04%	1.98%	256.419M DOGE
4 hours	0.0918	0.08812	0.08939	-2.43%	4.01%	2.73%	485.309M DOGE
6 hours	0.09327	0.08812	0.09283	1.37%	5.52%	2.73%	886.978M DOGE
8 hours	0.09253	0.08812	0.08939	-2.94%	4.77%	3.93%	742.299M DOGE
12 hours	0.09594	0.08812	0.09432	2.93%	8.15%	4.72%	1.487B DOGE

Every coin at this release

Coin	Price swing	Usual for JOLTs Job Openings	Reaction
Bitcoin	1.46x	2.22x	Quiet
Ethereum	1.54x	2.00x	Ordinary
XRP	1.70x	1.58x	Ordinary
BNB	1.21x	1.77x	Quiet
Solana	1.16x	1.81x	Quiet
Dogecoin	1.76x	1.76x	Ordinary
TRON	1.31x	1.52x	Quiet
Cardano	1.60x	1.66x	Ordinary
Chainlink	1.60x	1.71x	Ordinary
Bitcoin Cash	2.21x	1.81x	Ordinary
Hedera	1.53x	1.53x	Ordinary
Avalanche	1.96x	1.67x	Ordinary
Litecoin	2.57x	1.87x	Strong
Shiba Inu	1.33x	1.49x	Quiet
Uniswap	1.58x	1.53x	Ordinary
Polkadot	1.67x	1.63x	Ordinary
Aave	1.01x	1.79x	Quiet
NEAR Protocol	1.51x	1.57x	Ordinary
Aptos	1.00x	1.77x	Quiet
Internet Computer	1.60x	1.69x	Ordinary
POL (prev. MATIC)	1.01x	1.82x	Quiet
Filecoin	1.39x	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 Dogecoin

Questions about this page

Is 1.76x a lot?

For a JOLTs Job Openings release it is ordinary: the usual is 1.76x. 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 Dogecoin 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.