Data Analysis
The release
Released by the Bureau of Labor Statistics on 8 December 2023 at 8:30 AM EST. The economy added 141K jobs for November 2023, according to Non-Farm Payrolls, after a gain of 186K in October 2023.
It arrived at the same moment as Non-Farm Private Payrolls and Unemployment Rate, so the reaction measured on this page belongs to all of them together.
Measured by Clometrix
Solana's volatility ratio was 1.23x, against 2.77x for a typical Non-Farm Payrolls release since 2021. Its volume ratio was 2.00x, against a typical 4.45x. 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 Solana moved
Solana was at $73.45 when the figure came out. Fifteen minutes later it was 0.75% lower, and an hour later 0.84% lower. Its high-to-low range in the hour after was 1.72% of its price, against 2.15% in the hour before.
What made it matter
Since 2021, Non-Farm Payrolls releases in the two weeks before a Fed decision have moved Solana about as much as those at other times: a median volatility ratio of 2.72x across 21, against 2.81x across 49. This one came out 5 days before the Federal Reserve's 13 December rate decision. Its own ratio of 1.23x compares with 2.72x for those, so it moved the price less than its circumstances would suggest.
About Non-Farm Payrolls
Nonfarm payrolls is the measure of the number of workers in the U.S. excluding farm workers and workers in a handful of other job classifications. This is measured by the Bureau of Labor Statistics (BLS), which surveys private and government entities throughout the U.S. about their payrolls. The BLS reports the nonfarm payroll numbers to the public on a monthly basis through the closely followed “Employment Situation” report.
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.
SOL-USDT
Solana
Open
69.04Close
73.3124h Change
4.27 (5.82%)24h High
75.5324h Low
68.2824h Volume
11.202M SOLUS Non-Farm Payrolls
Bureau of Labor Statistics
8th December, 2023, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 73.84 | 73.87 | 73.45 | 73.46 | -0.52% | 0.57% | 9,184 SOL |
| During | 73.45 | 73.50 | 72.79 | 72.90 | -0.75% | 0.97% | 39,753 SOL |
| 5 Minutes | |||||||
| Before | 73.69 | 74.30 | 73.45 | 73.46 | -0.31% | 1.14% | 106,177 SOL |
| During | 73.45 | 73.50 | 72.73 | 73.24 | -0.29% | 1.05% | 106,704 SOL |
| 10 Minutes | |||||||
| Before | 73.31 | 74.30 | 73.30 | 73.46 | 0.20% | 1.35% | 151,624 SOL |
| During | 73.45 | 73.50 | 72.71 | 72.80 | -0.89% | 1.07% | 158,862 SOL |
| 15 Minutes | |||||||
| Before | 73.68 | 74.30 | 73.28 | 73.46 | -0.30% | 1.37% | 204,975 SOL |
| During | 73.45 | 73.50 | 72.70 | 72.90 | -0.75% | 1.09% | 205,230 SOL |
| 30 Minutes | |||||||
| Before | 73.17 | 74.30 | 72.72 | 73.46 | 0.39% | 2.13% | 337,886 SOL |
| During | 73.45 | 73.50 | 72.40 | 72.67 | -1.07% | 1.50% | 386,980 SOL |
| 1 Hour | |||||||
| Before | 73.36 | 74.30 | 72.72 | 73.46 | 0.14% | 2.13% | 523,765 SOL |
| During | 73.45 | 73.66 | 72.40 | 72.83 | -0.85% | 1.71% | 641,231 SOL |
| 2 Hours | |||||||
| Before | 72.65 | 74.30 | 72.40 | 73.46 | 1.10% | 2.56% | 1.125M SOL |
| During | 73.45 | 73.66 | 72.10 | 72.17 | -1.77% | 2.12% | 1.063M SOL |
| 4 Hours | |||||||
| Before | 71.12 | 74.30 | 70.92 | 73.46 | 3.19% | 4.55% | 1.766M SOL |
| During | 73.45 | 73.66 | 71.70 | 73.25 | -0.27% | 2.66% | 1.805M SOL |
| 6 Hours | |||||||
| Before | 71.56 | 74.30 | 70.45 | 73.46 | 2.59% | 5.18% | 2.611M SOL |
| During | 73.45 | 74.08 | 71.70 | 72.17 | -1.77% | 3.21% | 2.671M SOL |
| 8 Hours | |||||||
| Before | 69.04 | 72.87 | 68.28 | 71.12 | 2.92% | 6.30% | 4.701M SOL |
| During | 71.12 | 74.30 | 70.92 | 73.25 | 2.91% | 4.55% | 3.571M SOL |
| 12 Hours | |||||||
| Before | 69.04 | 74.30 | 68.28 | 73.46 | 6.02% | 8.10% | 6.467M SOL |
| During | 73.45 | 75.53 | 71.70 | 73.31 | -0.19% | 5.07% | 4.735M SOL |
