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Correlations > Economy Statistics > GSP > Compensation of Employees > Food product manufacturing

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Correlations between Economy > GSP > Compensation of Employees > Food product manufacturing ...

Variable Strength
...and  Industry > Food manufacturing > Annual payroll 94% [plot | correlate | graph]
...and  Industry > Food manufacturing > Value added 92% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Truck transportation 86% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Truck transportation 85% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Truck transportation 85% [plot | correlate | graph]
...and  Industry > Food manufacturing > Total value of shipments 85% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Truck transportation 83% [plot | correlate | graph]
...and  Labor > Food manufacturing > Number of employees 82% [plot | correlate | graph]
...and  Industry > Food manufacturing > Production workers wages 81% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Number of employees 80% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Printing and related support activities 79% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Printing and related support activities 79% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added 79% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Printing and related support activities 78% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Warehousing and storage 78% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Warehousing and storage 78% [plot | correlate | graph]
...and  Health > Number of Nursing Homes 77% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Warehousing and storage 77% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Value added 75% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Printing and related support activities 75% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Total cost of materials 75% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Total value of shipments 75% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Students- White, non-Hispanic 74% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > White 74% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll 74% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Annual payroll 74% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Value added 74% [plot | correlate | graph]
...and  Labor > Nonmetallic mineral product manufacturing > Production workers (average per year) 74% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours 73% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > White 73% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Total value of shipments 73% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total value of shipments 73% [plot | correlate | graph]
...and  Labor > Printing & related support activities > Production workers hours 73% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Warehousing and storage 73% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Nonmetallic mineral product manufacturing 72% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Nonmetallic mineral product manufacturing 72% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Twelfth Grade Students 72% [plot | correlate | graph]
...and  Health > Chlamydia Cases 72% [plot | correlate | graph]
...and  Labor > Printing & related support activities > Production workers (average per year) 72% [plot | correlate | graph]
...and  Health > Number of Nursing Home Residents 71% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total capital expenditures 71% [plot | correlate | graph]
...and  Education > Public Libraries > Public Service Hours 71% [plot | correlate | graph]
...and  Industry > Food manufacturing > Total cost of materials 71% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Number of Schools 71% [plot | correlate | graph]
...and  Health > Total Hospitals 71% [plot | correlate | graph]
...and  Government > 2004 Election > Total registered voters 71% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Total cost of materials 71% [plot | correlate | graph]
...and  Industry > Nonmetallic mineral product manufacturing > Production workers wages 70% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Nonmetallic mineral product manufacturing 70% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Eleventh Grade Students 70% [plot | correlate | graph]
Average: 76%

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


DEFINITION: Food 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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