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Correlations > Economy Statistics > GSP > Compensation of Employees > Computer and electronic product manufacturing

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Correlations between Economy > GSP > Compensation of Employees > Computer and electronic product manufacturing ...

Variable Strength
...and  Industry > Computer & electronic product manufacturing > Annual payroll 91% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Computer and electronic product manufacturing 89% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Computer and electronic product manufacturing 89% [plot | correlate | graph]
...and  Industry > Computer & electronic product manufacturing > Production workers wages 87% [plot | correlate | graph]
...and  Labor > Computer & electronic product manufacturing > Production workers hours 84% [plot | correlate | graph]
...and  Labor > Computer & electronic product manufacturing > Production workers (average per year) 81% [plot | correlate | graph]
...and  Industry > Computer & electronic product manufacturing > Total value of shipments 81% [plot | correlate | graph]
...and  Labor > Computer & electronic product manufacturing > Number of employees 80% [plot | correlate | graph]
...and  Industry > Computer & electronic product manufacturing > Value added 74% [plot | correlate | graph]
...and  Industry > Computer & electronic product manufacturing > Total cost of materials 74% [plot | correlate | graph]
...and  Industry > Computer & electronic product manufacturing > Total capital expenditures 74% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Nonresident Alien 66% [plot | correlate | graph]
...and  Education > Elementary & Secondary > LEP/ELL Students 63% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Food services and drinking places 62% [plot | correlate | graph]
...and  People > Total Hispanic Population 62% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Asian / Pacific Islander 62% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Securities, commodity contracts, investments 62% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Construction 62% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Construction 62% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Construction 62% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Food services and drinking places 62% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Male 62% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Other services, except government 61% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Wholesale trade 61% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Wholesale trade 61% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Students- Hispanic 61% [plot | correlate | graph]
...and  Economy > Gross State Product > Current Dollars 61% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Food services and drinking places 61% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Food services and drinking places 61% [plot | correlate | graph]
...and  Health > Number of Births 61% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Graduate 60% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Retail trade 60% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Female 60% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Wholesale trade 60% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Wholesale trade 60% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Hispanic 60% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Second Grade Students 60% [plot | correlate | graph]
...and  Military > Iraq War Costs 60% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Undergraduate 60% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Teachers 59% [plot | correlate | graph]
...and  Military > Cost of the Military 59% [plot | correlate | graph]
...and  Military > Cost of Nuclear Weapons 59% [plot | correlate | graph]
...and  Education > Elementary & Secondary > First Grade Students 59% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Students 59% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Tenth Grade Students 59% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Fourth Grade Students 59% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Hispanic 59% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Ambulatory health care services 59% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Ambulatory health care services 59% [plot | correlate | graph]
...and  Economy > Personal income 59% [plot | correlate | graph]
Average: 65%

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: Computer and electronic product 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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