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Correlations > Industry Statistics > Electrical equipment, appliance, & component manufacturing > Annual payroll (per $ GDP)

VIEW DATA:   Totals   Per capita   Per $ GDP  
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Showing latest available data.

Correlations between Industry > Electrical equipment, appliance, & component manufacturing > Annual payroll (per $ GDP) ...

Variable Strength
...and  Industry > Electrical equipment, appliance, & component manufacturing > Annual payroll (per capita) 92% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Electrical equipment and appliance manufacturing (per $ GDP) 90% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Electrical equipment and appliance manufacturing (per $ GDP) 90% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Production workers wages (per $ GDP) 87% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total cost of materials (per $ GDP) 86% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Electrical equipment and appliance manufacturing (per capita) 82% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Electrical equipment and appliance manufacturing (per capita) 82% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total value of shipments (per $ GDP) 79% [plot | correlate | graph]
...and  Labor > Electrical equipment, appliance, & component manufacturing > Production workers hours (per capita) 76% [plot | correlate | graph]
...and  Labor > Electrical equipment, appliance, & component manufacturing > Number of employees (per capita) 75% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Electrical equipment and appliance manufacturing (per $ GDP) 74% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total capital expenditures (per $ GDP) 74% [plot | correlate | graph]
...and  Labor > Electrical equipment, appliance, & component manufacturing > Production workers (average per year) (per capita) 72% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Value added (per $ GDP) 72% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Electrical equipment and appliance manufacturing (per capita) 68% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Number of employees (per capita) 56% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Value added (per $ GDP) 54% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Fabricated metal product manufacturing (per $ GDP) 52% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Fabricated metal product manufacturing (per $ GDP) 52% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total value of shipments (per $ GDP) 51% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll (per $ GDP) 51% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Fabricated metal product manufacturing (per $ GDP) 50% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total cost of materials (per $ GDP) 48% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Total value of shipments (per $ GDP) 48% [plot | correlate | graph]
...and  Labor > Percent of Civilian Employed People in the Manufacturing Industry 47% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours (per capita) 46% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Value added (per $ GDP) 45% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages (per $ GDP) 45% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll (per $ GDP) 45% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll (per capita) 44% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Fabricated metal product manufacturing (per capita) 44% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers hours (per capita) 44% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Plastics and rubber products manufacturing (per capita) 43% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Plastics and rubber products manufacturing (per capita) 43% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Annual payroll (per $ GDP) 43% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Annual payroll (per capita) 43% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Fabricated metal product manufacturing (per capita) 43% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Fabricated metal product manufacturing (per capita) 43% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Plastics and rubber products manufacturing (per $ GDP) 42% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Plastics and rubber products manufacturing (per $ GDP) 42% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Annual payroll (per $ GDP) 42% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Production workers wages (per $ GDP) 41% [plot | correlate | graph]
...and  Industry > Fabricated metal product manufacturing > Total cost of materials (per $ GDP) 41% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total value of shipments (per $ GDP) 41% [plot | correlate | graph]
...and  Labor > Paper manufacturing > Production workers hours (per capita) 40% [plot | correlate | graph]
...and  Labor > Paper manufacturing > Number of employees (per capita) 40% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Value added (per $ GDP) 40% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Number of employees (per capita) 39% [plot | correlate | graph]
...and  Industry > Plastics & rubber products manufacturing > Production workers wages (per $ GDP) 38% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Production workers (average per year) (per capita) 38% [plot | correlate | graph]
Average: 55%

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: This item includes the gross earnings of all employees on the payrolls of operating manufacturing establishments paid in the calendar year. Respondents are told they could follow the definition of payrolls used for calculating the federal withholding tax. It includes all forms of compensation, such as salaries, wages, commissions, dismissal pay, bonuses, vacation and sick leave pay, and compensation in kind, prior to such deductions as employees' social security contributions, withholding taxes, group insurance, union dues, and savings bonds. The total includes salaries of officers of corporations; it excludes payments to proprietors or partners of unincorporated concerns. Also excluded are payments to members of Armed Forces and pensioners carried on the active payrolls of manufacturing establishments. Per $ GDP figures expressed per 10,000 $ gross domestic product.

SOURCE: Annual Survey of Manufactures, 2004

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