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Correlations > Economy Statistics > GSP > Compensation of Employees > Motor vehicle, body, trailer, and parts manufacturing

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Correlations between Economy > GSP > Compensation of Employees > Motor vehicle, body, trailer, and parts manufacturing ...

Variable Strength
...and  Economy > GSP > Real GSP > Motor vehicle, body, trailer, and parts manufacturing 95% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Motor vehicle, body, trailer, and parts manufacturing 95% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Production workers wages 91% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Total value of shipments 90% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Total cost of materials 88% [plot | correlate | graph]
...and  Labor > Transportation equipment manufacturing > Production workers hours 87% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Total capital expenditures 86% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Value added 85% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Motor vehicle, body, trailer, and parts manufacturing (per capita) 76% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Motor vehicle, body, trailer, and parts manufacturing (per capita) 76% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Primary metal manufacturing 74% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Primary metal manufacturing 74% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Primary metal manufacturing 73% [plot | correlate | graph]
...and  Labor > Transportation equipment manufacturing > Number of employees 72% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Motor vehicle, body, trailer, and parts manufacturing (per $ GDP) 71% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Motor vehicle, body, trailer, and parts manufacturing (per $ GDP) 71% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Annual payroll (per capita) 71% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Total cost of materials 70% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Annual payroll 69% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Production workers wages 67% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Value added (per $ GDP) 67% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Total value of shipments 66% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Annual payroll (per $ GDP) 66% [plot | correlate | graph]
...and  Labor > Transportation equipment manufacturing > Production workers hours (per capita) 66% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Motor vehicle, body, trailer, and parts manufacturing 66% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Total capital expenditures 66% [plot | correlate | graph]
...and  Labor > Primary metal manufacturing > Production workers hours 65% [plot | correlate | graph]
...and  Labor > Transportation equipment manufacturing > Number of employees (per capita) 65% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Production workers wages (per $ GDP) 63% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll (per capita) 63% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total capital expenditures (per $ GDP) 63% [plot | correlate | graph]
...and  Labor > Primary metal manufacturing > Production workers (average per year) 63% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Value added (per $ GDP) 59% [plot | correlate | graph]
...and  Labor > Plastics & rubber products manufacturing > Production workers (average per year) (per capita) 59% [plot | correlate | graph]
...and  Labor > Primary metal manufacturing > Production workers (average per year) (per capita) 58% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Annual payroll 58% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Total value of shipments (per $ GDP) 58% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll (per $ GDP) 57% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total value of shipments (per $ GDP) 56% [plot | correlate | graph]
...and  Industry > Transportation equipment manufacturing > Total capital expenditures (per $ GDP) 56% [plot | correlate | graph]
...and  Industry > Primary metal manufacturing > Value added 56% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Production workers hours (per capita) 55% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total cost of materials (per $ GDP) 55% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total value of shipments (per $ GDP) 54% [plot | correlate | graph]
...and  Education > Public Libraries > Other Operating Expenditures (per $ GDP) 52% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Production workers wages (per $ GDP) 52% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Primary metal manufacturing (per $ GDP) 52% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Value added (per $ GDP) 51% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Motor vehicle, body, trailer, and parts manufacturing (per capita) 51% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Number of employees (per capita) 50% [plot | correlate | graph]
Average: 67%

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: Motor vehicle, body, trailer, and parts 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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