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Correlations > Economy Statistics > GSP > Chain-type Quantity Indexes > Fabricated metal product manufacturing

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Correlations between Economy > GSP > Chain-type Quantity Indexes > Fabricated metal product manufacturing ...

Variable Strength
...and  Labor > Leather & allied product manufacturing > Number of employees (inverse) 41% [plot | correlate | graph]
...and  Labor > Percent of Civilian Employed People Who are Private Wage and Salary Workers (inverse) 35% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Production workers (average per year) (per capita) 33% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Number of employees (per capita) 32% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Computer systems design and related services 32% [plot | correlate | graph]
...and  Labor > Petroleum & coal products manufacturing > Production workers hours (per capita) 30% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Federal Revenue- Subtotal (per $ GDP) 28% [plot | correlate | graph]
...and  Education > Postsecondary > Number Of Institutions > Public (per capita) 27% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Management of companies and enterprises (per $ GDP) (inverse) 27% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Rail transportation (per $ GDP) 27% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Management of companies and enterprises (per $ GDP) (inverse) 27% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Rail transportation (per $ GDP) 27% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Annual payroll (per $ GDP) 26% [plot | correlate | graph]
...and  Energy > Total Energy Consumption (per $ GDP) 26% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Insurance carriers and related activities 26% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Production workers wages (per $ GDP) 25% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Management of companies and enterprises (per capita) (inverse) 24% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Management of companies and enterprises (per capita) (inverse) 24% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Rental and leasing services and lessors of intangible assets 24% [plot | correlate | graph]
...and  Labor > Miscellaneous manufacturing > Production workers hours (per capita) (inverse) 24% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Utilities (per $ GDP) 24% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Utilities (per $ GDP) 24% [plot | correlate | graph]
...and  Health > Occupational Fatality Rate 23% [plot | correlate | graph]
...and  Crime > Homicide > Victims by Sex > Male (inverse) 23% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Wholesale trade (per capita) (inverse) 23% [plot | correlate | graph]
...and  Crime > Homicide > Victims by Sex > Female 23% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Mining, except oil and gas (per capita) 23% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Mining, except oil and gas (per capita) 23% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Number of Schools (per capita) 23% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Waste management and remediation services 22% [plot | correlate | graph]
...and  Industry > Petroleum & coal products manufacturing > Annual payroll (per capita) 22% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Rail transportation (per capita) 22% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Other professional, scientific and technical services 21% [plot | correlate | graph]
...and  Energy > Electric Power Industry Emissions > CO2 (per $ GDP) 21% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Doctors (per capita) (inverse) 21% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Mining, except oil and gas (per $ GDP) 21% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Mining, except oil and gas (per $ GDP) 20% [plot | correlate | graph]
...and  Crime > State and Federal prisoners held in private facilities (per capita) 20% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Warehousing and storage (per capita) (inverse) 20% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Miscellaneous manufacturing (per capita) (inverse) 20% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Administrative and support services (per capita) (inverse) 20% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Administrative and support services (per capita) (inverse) 20% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Miscellaneous manufacturing (per capita) (inverse) 20% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Rail transportation (per $ GDP) 20% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Warehousing and storage (per capita) (inverse) 20% [plot | correlate | graph]
...and  Education > Postsecondary > Number Of Institutions > Two Year (per capita) 20% [plot | correlate | graph]
...and  Military > Cost of Nuclear Weapons (per $ GDP) (inverse) 20% [plot | correlate | graph]
...and  Military > Cost of the Military (per $ GDP) (inverse) 19% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Annual payroll (per capita) (inverse) 19% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Information and data processing services (per capita) (inverse) 19% [plot | correlate | graph]
Average: 24%

About Correlations:

A correlation is a statistical measure of similarity between at least two given sets of data. StateMaster's correlations compare two variables from our database and reveal statistical relationships between them. The percentages you see represent the strength (or likelihood) that a change in the topic variable is matched by a change in the listed variables below it. But remember: These correlations do not imply causation, that is, one does not necessarily cause the other. Also, not all variables contain all states, rather subsets of states matched together.

VIEW FOR THIS VARIABLE:

NOTES:

  • Outliers have been removed only where they are outside 3 standard deviations of the mean.
  • Only variable pairs where at least 15 states match for each have been considered.
  • Strength is given by the correlation coefficient (R squared). It is the fraction of variation in Y that can be attributed to the variation in X. 100% signifies a perfect fit (R squared of 1). The top 50 such stats are displayed



DEFINITION: Fabricated metal product manufacturing, Chain-type Quantity Indexes (2000 = 100) A quantity index is an index number that measures the change in the level of a quantity from a base year, apart from anychanges in relative prices. The value of the quantity index is 100 for the base year.The Bureau of Economic Analysis uses chain-type annual-weighted indexes, also known as Fisher indexes, as its measure of realoutput and prices. These measures allow for the effects of changes in relative prices and in the composition of output overtime, thereby eliminating a major source of bias inherent in fixed-weight indexes.

SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.

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