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US Tax Revenue vs US Unemployment Rate
US Tax Revenue and US Unemployment Rate correlate at r = -0.70 over 34 years (1991–2024), p < 0.0001. With the time trend removed, r = -0.73. Holds up after detrending.
Verdict: Holds up after detrending. Statistically significant (p = < 0.0001) and the association survives trend removal (detrended r = -0.73). Correlation still isn't causation, but this one isn't an obvious artifact.
- Pearson r
- -0.70
- p-value
- < 0.0001
- Years compared (n)
- 34 (1991–2024)
- 95% confidence interval
- -0.84 to -0.48
- Correlation with the time trend removed
- -0.73
Sources
- US Tax Revenue (% of GDP): World Bank. US Tax Revenue (World Bank indicator GC.TAX.TOTL.GD.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 Dollar to Japanese Yen vs US Unemployment Rate (r = -0.73)
- US Gross Savings vs US Tax Revenue (r = +0.69)
- US Tax Revenue vs US Youth Unemployment (r = -0.66)
- US Annual Working Hours per Worker vs US Tax Revenue (r = +0.57)
Correlation does not imply causation. How the verdict is worked out.