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US Gross Savings vs US Unemployment Rate
US Gross Savings and US Unemployment Rate correlate at r = -0.55 over 34 years (1991–2024), p = 7.8e-4. With the time trend removed, r = -0.61. Holds up after detrending.
Verdict: Holds up after detrending. Statistically significant (p = 7.8e-4) and the association survives trend removal (detrended r = -0.61). Correlation still isn't causation, but this one isn't an obvious artifact.
- Pearson r
- -0.55
- p-value
- 7.8e-4
- Years compared (n)
- 34 (1991–2024)
- 95% confidence interval
- -0.75 to -0.26
- Correlation with the time trend removed
- -0.61
Sources
- US Gross Savings (% of GDP): World Bank. US Gross Savings (World Bank indicator NY.GNS.ICTR.ZS).
- US Unemployment Rate (% of labor force): World Bank. US Unemployment Rate (World Bank indicator SL.UEM.TOTL.ZS).
Related pairs
- US Unemployment Rate vs US Youth Unemployment (r = +0.98)
- US Military Expenditure vs US Unemployment Rate (r = +0.80)
- US Gross Savings vs US College Enrollment (r = -0.80)
- US Nuclear Power Generation vs US Gross Savings (r = -0.75)
- US Dollar to Japanese Yen vs US Unemployment Rate (r = -0.73)
- US Median Age vs US Gross Savings (r = -0.73)
Correlation does not imply causation. How the verdict is worked out.