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Correlations > Industry Statistics > Food manufacturing > Annual payroll

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

Correlations between Industry > Food manufacturing > Annual payroll ...

Variable Strength
...and  Economy > GSP > Compensation of Employees > Food product manufacturing 94% [plot | correlate | graph]
...and  Industry > Food manufacturing > Value added 94% [plot | correlate | graph]
...and  Industry > Food manufacturing > Total value of shipments 93% [plot | correlate | graph]
...and  Industry > Food manufacturing > Production workers wages 88% [plot | correlate | graph]
...and  Industry > Food manufacturing > Total cost of materials 83% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Truck transportation 80% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Truck transportation 80% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Truck transportation 80% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Truck transportation 78% [plot | correlate | graph]
...and  Labor > Food manufacturing > Number of employees 77% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Number of employees 75% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Printing and related support activities 74% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Printing and related support activities 74% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Printing and related support activities 74% [plot | correlate | graph]
...and  Industry > Food manufacturing > Total capital expenditures 73% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Total cost of materials 72% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total cost of materials 72% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Total value of shipments 72% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added 72% [plot | correlate | graph]
...and  Health > Number of Nursing Homes 72% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Total value of shipments 71% [plot | correlate | graph]
...and  Industry > Machinery manufacturing > Value added 71% [plot | correlate | graph]
...and  Labor > Printing & related support activities > Production workers (average per year) 70% [plot | correlate | graph]
...and  Labor > Printing & related support activities > Production workers hours 70% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Value added 70% [plot | correlate | graph]
...and  Labor > Printing & related support activities > Number of employees 70% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll 69% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Printing and related support activities 68% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Machinery manufacturing 68% [plot | correlate | graph]
...and  Labor > Machinery manufacturing > Production workers hours 68% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Electrical equipment and appliance manufacturing 68% [plot | correlate | graph]
...and  Labor > Fabricated metal product manufacturing > Number of employees 68% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Machinery manufacturing 68% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Machinery manufacturing 68% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours 67% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Warehousing and storage 66% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total value of shipments 66% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Fabricated metal product manufacturing 66% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Warehousing and storage 66% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Fabricated metal product manufacturing 66% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages 66% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Fabricated metal product manufacturing 66% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total capital expenditures 66% [plot | correlate | graph]
...and  Education > Public Libraries > Public Service Hours 66% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Fabricated metal product manufacturing 65% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Total capital expenditures 65% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Warehousing and storage 65% [plot | correlate | graph]
...and  Health > Total Hospitals 65% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Plastics and rubber products manufacturing 65% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Production workers wages 65% [plot | correlate | graph]
Average: 72%

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

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