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Correlations > Economy Statistics > GSP > Compensation of Employees > Construction

DEFINITION: Construction, 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.
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Correlations between Economy > GSP > Compensation of Employees > Construction ...

Variable Strength
...and  Economy > GSP > Nominal GSP > Construction 99% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Construction 99% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Food services and drinking places 97% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Food services and drinking places 97% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Food services and drinking places 97% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Retail trade 97% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Retail trade 96% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Retail trade 96% [plot | correlate | graph]
...and  People > Population 96% [plot | correlate | graph]
...and  Industry > Industrial firms > Total number of employees 96% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Food services and drinking places 96% [plot | correlate | graph]
...and  Economy > Personal income 96% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Tenth Grade Students 96% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Undergraduate 96% [plot | correlate | graph]
...and  Government > Electoral Votes 95% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Eighth Grade Students 95% [plot | correlate | graph]
...and  Government > Seats in the House of Representatives 95% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Sixth Grade Students 95% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Other services, except government 95% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Other services, except government 95% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Third Grade Students 95% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Ambulatory health care services 95% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Other services, except government 95% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Seventh Grade Students 95% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Ninth Grade Students 95% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Eleventh Grade Students 95% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Female 95% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Fifth Grade Students 95% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Students 95% [plot | correlate | graph]
...and  Economy > Gross State Product > Current Dollars 95% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Male 95% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Twelfth Grade Students 95% [plot | correlate | graph]
...and  Government > 2004 Election > Voting age population 95% [plot | correlate | graph]
...and  Health > Number of Births 95% [plot | correlate | graph]
...and  Government > 2004 Election > Total registered voters 95% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Fourth Grade Students 95% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Second Grade Students 94% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Other services, except government 94% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Retail trade 94% [plot | correlate | graph]
...and  Industry > Industrial firms > Total number of establishments 94% [plot | correlate | graph]
...and  Government > 2004 Election > Total voted 94% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Ambulatory health care services 94% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Ambulatory health care services 94% [plot | correlate | graph]
...and  Education > Elementary & Secondary > First Grade Students 94% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Wholesale trade 94% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Wholesale trade 94% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > State and local 93% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > State and local 93% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Administrative and support services 93% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Rental and leasing services and lessors of intangible assets 93% [plot | correlate | graph]
Average: 95%

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.

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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
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