The JOLTS report from the U.S. exceeds expectations with 8.1 million job openings and impacts the crypto market.

The crypto market experienced a widespread fall on Tuesday following the release of the JOLTS (Job Openings and Labor Turnover Survey), which showed an unexpected increase in job vacancies in the United States during November.

U.S. labor market data surpass projections

The JOLTS report, a key indicator that the Federal Reserve monitors to assess the strength of the labor market, revealed that job openings rose to 8.1 million in November. This figure significantly exceeded market expectations, which anticipated a decrease to 7.73 million.

The October data was also revised upward, from 7.74 to 7.78 million available jobs, reinforcing the picture of a labor market more dynamic than expected.

Implications for the Fed's monetary policy

This report is especially relevant in the current context, as the Federal Reserve continues to face two main challenges: a surprisingly strong labor market and inflation that remains above targets.

The JOLTS data directly influences monetary policy decisions, and in this scenario, the Fed has indicated that it will take a cautious approach regarding interest rate easing during the current year, which directly affects digital assets.

Upcoming economic indicators under observation

The economic calendar for this week includes other crucial data that could generate additional volatility in the financial and crypto markets:

• Wednesday 8, 10:15 AM: Employment report for the private sector prepared by Automatic Data Processing (ADP).

• Friday 10, 10:30 AM: Publication of the December non-farm payrolls, considered the most important indicator for the Fed in its assessment of the U.S. economy. The creation of 154,000 new jobs is expected.

Reaction of the crypto market

The impact of this macroeconomic data was immediately reflected in the crypto market, with most major cryptocurrencies recording losses. Among the most affected were Bitcoin (BTC), Solana (SOL), and Ethena (ENA).

Traders on major exchange platforms reacted to this data by adjusting their positions in light of the prospect that interest rates may remain elevated for longer than initially expected.

The correlation between U.S. macroeconomic data and the behavior of digital assets continues to be a determining factor for investors operating in this market.