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Correlations > Economy Statistics > GSP > Compensation of Employees > Chemical manufacturing

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Correlations between Economy > GSP > Compensation of Employees > Chemical manufacturing ...

Variable Strength
...and  Industry > Chemical manufacturing > Annual payroll 89% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Chemical manufacturing 88% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Chemical manufacturing 88% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Value added 84% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Total capital expenditures 84% [plot | correlate | graph]
...and  Labor > Chemical manufacturing > Production workers hours 77% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Production workers wages 76% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Local Revenue- Subtotal 76% [plot | correlate | graph]
...and  Labor > Chemical manufacturing > Number of employees 75% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Warehousing and storage 74% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Warehousing and storage 74% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Utilities 74% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Utilities 74% [plot | correlate | graph]
...and  Health > Total State Health Care Spending 74% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Warehousing and storage 73% [plot | correlate | graph]
...and  Labor > Chemical manufacturing > Production workers (average per year) 73% [plot | correlate | graph]
...and  Industry > Chemical manufacturing > Total value of shipments 73% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Support Services Expenditure- Subtotal 73% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Teachers 73% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added 72% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Utilities 72% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Nonmetallic mineral product manufacturing 72% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Wholesale trade 71% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Wholesale trade 71% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Annual payroll 71% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Truck transportation 71% [plot | correlate | graph]
...and  Health > Number of Nursing Home Residents 70% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Warehousing and storage 70% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Truck transportation 70% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Truck transportation 70% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Wholesale trade 70% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Wholesale trade 70% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Utilities 70% [plot | correlate | graph]
...and  Health > Total Registered Nurses 70% [plot | correlate | graph]
...and  Health > Total Sales for Retail Rx Drugs 70% [plot | correlate | graph]
...and  Education > Public Libraries > Number of Public Internet Terminals 70% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Current Expenditures 70% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Production workers wages 70% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Hospitals and nursing and residential care facilities 70% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Hospitals and nursing and residential care facilities 70% [plot | correlate | graph]
...and  Health > Total Health Care Employment 70% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Nonmetallic mineral product manufacturing 69% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Hospitals and nursing and residential care facilities 69% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Nonmetallic mineral product manufacturing 69% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Hospitals and nursing and residential care facilities 69% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total value of shipments 69% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Total Revenue from All Sources 69% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Total Expenditures for Education 68% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Printing and related support activities 68% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Chemical manufacturing 68% [plot | correlate | graph]
Average: 73%

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: Chemical manufacturing, Compensation of Employees (current dollars) Compensation of Employees is a statisical term which refers to the total gross (pre-tax) wages paid by employers to employeesfor work done in an accounting period, such as a quarter or a year. It represents roughly the total labor cost to an employer.

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

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