Correlation Analysis
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for United Kingdom vs Unemployment Rate
LRHUTTTTGBM156S vs UNRATE
+0.619
Moderate positive
When one moves up, the other tends to follow.
AI Analysis
The correlation between Series A and Series B indicates a strong relationship, suggesting that movements in Series A are generally associated with changes in the unemployment rate. With over half of the data points aligning in trend direction, investors can use this information to anticipate shifts in economic conditions. However, while the correlation is significant, it's important to note that correlation does not imply causation; other factors could influence these series, and the timing of their relationship should be monitored carefully for potential lags.
Timing Offset
in sync
LRHUTTTTGBM156S and UNRATE tend to move at the same time.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: +0.719 (13 lags scanned)
R-Squared
51.7%
Share of variance in one series explained by the other.
Trend Agreement
71.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
514
Robust shared window — 514 usable pairs.
Significance
p < 0.001
95% CI: [0.511, 0.847] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
514 paired observations survived the daily window.
Raw input
515
938
Normalized
515
938
Prepared
515
938
Aligned
514
514
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
425
A: 1 / B: 424
Series A
LRHUTTTTGBM156S
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for United Kingdom
FRED · 515 raw → 515 prepared
Series B
UNRATE
Unemployment Rate
FRED · 938 raw → 938 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
2
Estimated crossover points between normalized spreads.
Slope
0.5361
Linear regression slope.
Intercept
2.1795
Linear regression intercept.
Saved 13 hours ago · ID: fred-lrhuttttgbm156s-vs-fred-unrate-daily-20260406-qjbpx5