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Correlations > Economy Statistics > GSP > Compensation of Employees > Hospitals and nursing and residential care facilities

DEFINITION: Hospitals and nursing and residential care facilities, 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 > Hospitals and nursing and residential care facilities ...

Variable Strength
...and  Economy > GSP > Real GSP > Hospitals and nursing and residential care facilities 100% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Hospitals and nursing and residential care facilities 100% [plot | correlate | graph]
...and  Health > Total Nonfederal Physicians 97% [plot | correlate | graph]
...and  Health > Total Registered Nurses 97% [plot | correlate | graph]
...and  Health > Total Health Care Employment 96% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Social assistance 95% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Doctors 95% [plot | correlate | graph]
...and  Economy > Total tax burden 95% [plot | correlate | graph]
...and  Health > Total Dentists 95% [plot | correlate | graph]
...and  Health > Total Personal Health Spending, FY2000 95% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Bachelors 94% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Social assistance 94% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Social assistance 94% [plot | correlate | graph]
...and  Health > Total Medicaid Spending, FY2004 94% [plot | correlate | graph]
...and  Health > Number of Nursing Home Residents 93% [plot | correlate | graph]
...and  Education > Postsecondary > Number Of Institutions > Four Year 93% [plot | correlate | graph]
...and  Health > Total Dual Eligible Medicaid Spending 93% [plot | correlate | graph]
...and  Education > Public Libraries > ALA-MLS Librarians(FTE) 93% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > First-Professional 92% [plot | correlate | graph]
...and  Health > Total State Health Care Spending 92% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Utilities 92% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Masters 92% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Instruct. Expend.- Subtotal 91% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Current Expenditures 91% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > White 91% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Total Revenue from All Sources 91% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Local Revenue- Subtotal 91% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Total 91% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Insurance carriers and related activities 91% [plot | correlate | graph]
...and  Health > Total Sales for Retail Rx Drugs 91% [plot | correlate | graph]
...and  Economy > Personal income 91% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Total Expenditures for Education 91% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Ambulatory health care services 91% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Ambulatory health care services 91% [plot | correlate | graph]
...and  Education > Public Libraries > Total Staff(FTE) 91% [plot | correlate | graph]
...and  Education > Public Libraries > Total Librarians(FTE) 91% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Insurance carriers and related activities 90% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Insurance carriers and related activities 90% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Graduate 90% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > White 90% [plot | correlate | graph]
...and  Education > Public Libraries > Total Revenue 90% [plot | correlate | graph]
...and  Economy > Gross State Product > Current Dollars 90% [plot | correlate | graph]
...and  Health > Total Medicare Benefit Payments 90% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > State and local 90% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Utilities 90% [plot | correlate | graph]
...and  Education > Public Libraries > Number of Public Internet Terminals 90% [plot | correlate | graph]
...and  Education > Public Libraries > Children's Program Attendance 90% [plot | correlate | graph]
...and  Industry > Industrial firms > Total number of establishments 90% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Real estate 90% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Real estate 90% [plot | correlate | graph]
Average: 92%

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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