Swedish Unemployment Among Ages 45 to 54 years Correlation Chart
The statistical analysis conducted on geographies consisting of 504,283,174 people shows a mild positive correlation between the proportion of Swedes and unemployment rate among population between the ages 45 and 54 in the United States with a correlation coefficient (R) of 0.307 and weighted average of 4.0%. On average, for every 1% (one percent) increase in Swedes within a typical geography, there is an increase of 0.31% in unemployment rate among population between the ages 45 and 54.
It is essential to understand that the correlation between the percentage of Swedes and unemployment rate among population between the ages 45 and 54 does not imply a direct cause-and-effect relationship. It remains uncertain whether the presence of Swedes influences an upward or downward trend in the level of unemployment rate among population between the ages 45 and 54 within an area, or if Swedes simply ended up residing in those areas with higher or lower levels of unemployment rate among population between the ages 45 and 54 due to other factors.
Demographics Similar to Swedes by Unemployment Among Ages 45 to 54 years
In terms of unemployment among ages 45 to 54 years, the demographic groups most similar to Swedes are Scandinavian (4.0%, a difference of 0.010%), Venezuelan (4.0%, a difference of 0.15%), Cuban (4.0%, a difference of 0.15%), Immigrants from Bosnia and Herzegovina (4.0%, a difference of 0.20%), and Immigrants from Bolivia (4.0%, a difference of 0.63%).