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US Inflation Rate vs US Unemployment Rate
US Inflation Rate and US Unemployment Rate correlate at r = -0.36 over 34 years (1991–2024), p = 0.037. With the time trend removed, r = -0.36. Holds up after detrending.
Verdict: Holds up after detrending. Statistically significant (p = 0.037) and the association survives trend removal (detrended r = -0.36). Correlation still isn't causation, but this one isn't an obvious artifact.
- Pearson r
- -0.36
- p-value
- 0.037
- Years compared (n)
- 34 (1991–2024)
- 95% confidence interval
- -0.62 to -0.02
- Correlation with the time trend removed
- -0.36
Sources
- US Inflation Rate (% annual): World Bank. US Inflation Rate (World Bank indicator FP.CPI.TOTL.ZG).
- 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 Dollar to Japanese Yen vs US Unemployment Rate (r = -0.73)
- US Inflation Rate vs US Bank Lending Interest Rate (r = +0.73)
- US Tax Revenue vs US Unemployment Rate (r = -0.70)
- US Inflation Rate vs US College Enrollment (r = -0.66)
Correlation does not imply causation. How the verdict is worked out.