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Correlation
of values
+49%
In sync
of periods
54%
History
monthsmonths · through 2026-04
831
These move in the same direction about 54% of the time
Their swing sizes loosely line up (~24% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
What to Watch
Labor Force Participation moves ~18 months before US Core CPI
Watch Labor Force Participation for an early read on US Core CPI.
Advanced
Statistics
In sync(i)
54.5%
Headline metric
Movement correlation(i)
+49%
Based on values
95% CI
+44% → +54%
Pipeline
Pipeline Summary
831 paired data points survived the monthly window.
Raw input
831
940
Normalized
831
940
Prepared
831
940
Aligned
831
831
Invalid removed
Likely range of correlation
R²(i)
23.9%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
831
Deep
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -18 to 18 months.
Selected shift
-18 months
Correlation at this shift
+54%
+6% stronger than no-shift baseline
Labor Force Participation shifted 18 months later. Reads: "Does US Core CPI today line up with Labor Force Participation 18 months ago?"
807 overlapping points at this shift
Baseline
+49%
No-shift correlation, matching the main time-series chart above.
Peak shift
-18 months
+54%
A non-zero peak suggests one series lines up better when shifted against the other.
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Do They Crash Together?
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
-62%
14 periods · Return correlation when both series rose
Both Falling
N/A
1 periods · Return correlation when both series fell
Diverging
+62%
15 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
109
A: 0 / B: 109
Series A
US Core CPI
CPILFESL
FRED · 831 raw → 831 prepared
Series B
Labor Force Participation
CIVPART
FRED · 940 raw → 940 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0148
Linear regression slope.
Intercept
61.1892
Linear regression intercept.
Saved last month · ID: fred-civpart_fred-cpilfesl_monthly_5y