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

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

Variable Strength
...and  Industry > Miscellaneous manufacturing > Total value of shipments 94% [plot | correlate | graph]
...and  Labor > Miscellaneous manufacturing > Number of employees 92% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Value added 91% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Annual payroll 90% [plot | correlate | graph]
...and  Labor > Miscellaneous manufacturing > Production workers (average per year) 89% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Miscellaneous manufacturing 88% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Miscellaneous manufacturing 88% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Total cost of materials 88% [plot | correlate | graph]
...and  Labor > Miscellaneous manufacturing > Production workers hours 81% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Hospitals and nursing and residential care facilities 80% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Hospitals and nursing and residential care facilities 79% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Hospitals and nursing and residential care facilities 79% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Insurance carriers and related activities 78% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Social assistance 78% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Social assistance 78% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Doctors 78% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Social assistance 78% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Printing and related support activities 76% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Printing and related support activities 76% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Printing and related support activities 76% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Insurance carriers and related activities 76% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Insurance carriers and related activities 76% [plot | correlate | graph]
...and  Health > Number of Nursing Home Residents 76% [plot | correlate | graph]
...and  Economy > Total tax burden 76% [plot | correlate | graph]
...and  Health > Total Registered Nurses 75% [plot | correlate | graph]
...and  Education > Public Libraries > ALA-MLS Librarians(FTE) 75% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Bachelors 74% [plot | correlate | graph]
...and  Health > Total Dentists 74% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Wholesale trade 73% [plot | correlate | graph]
...and  Education > Public Libraries > Total Librarians(FTE) 73% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > White 73% [plot | correlate | graph]
...and  Health > Total Nonfederal Physicians 73% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Students- White, non-Hispanic 72% [plot | correlate | graph]
...and  Education > Public Libraries > Users of Electronic Resources 72% [plot | correlate | graph]
...and  Health > Total Health Care Employment 72% [plot | correlate | graph]
...and  Health > Total Personal Health Spending, FY2000 72% [plot | correlate | graph]
...and  Military > Iraq War Costs 72% [plot | correlate | graph]
...and  Military > Cost of Nuclear Weapons 72% [plot | correlate | graph]
...and  Military > Cost of the Military 72% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Graduate 72% [plot | correlate | graph]
...and  Education > Public Libraries > Total Staff(FTE) 72% [plot | correlate | graph]
...and  Industry > Industrial firms > Total number of employees 72% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Production workers wages 71% [plot | correlate | graph]
...and  Economy > Personal income 71% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Real estate 71% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Real estate 71% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > First-Professional 71% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Support Services Expenditure- Subtotal 71% [plot | correlate | graph]
...and  Education > Public Libraries > Children's Program Attendance 71% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Value added 71% [plot | correlate | graph]
Average: 77%

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: Miscellaneous 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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