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Correlations > Industry Statistics > Leather & allied product manufacturing > Value added

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

Correlations between Industry > Leather & allied product manufacturing > Value added ...

Variable Strength
...and  Industry > Computer & electronic product manufacturing > Annual payroll (per $ GDP) (inverse) 47% [plot | correlate | graph]
...and  Labor > Computer & electronic product manufacturing > Production workers (average per year) (per capita) (inverse) 47% [plot | correlate | graph]
...and  Industry > Computer & electronic product manufacturing > Annual payroll (per capita) (inverse) 45% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Local Revenue- Subtotal (per $ GDP) 44% [plot | correlate | graph]
...and  Industry > Miscellaneous manufacturing > Value added (per $ GDP) (inverse) 38% [plot | correlate | graph]
...and  Labor > Computer & electronic product manufacturing > Number of employees (per capita) (inverse) 38% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Miscellaneous manufacturing (per $ GDP) (inverse) 38% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Miscellaneous manufacturing (per $ GDP) (inverse) 38% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Computer and electronic product manufacturing (per capita) (inverse) 37% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Computer and electronic product manufacturing (per capita) (inverse) 37% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Miscellaneous manufacturing (per capita) (inverse) 36% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Miscellaneous manufacturing (per capita) (inverse) 36% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Computer and electronic product manufacturing (per $ GDP) (inverse) 36% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Computer and electronic product manufacturing (per $ GDP) (inverse) 36% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Race / Ethnicity Unknown (per capita) (inverse) 35% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Construction (per capita) (inverse) 35% [plot | correlate | graph]
...and  Health > Change in Medicaid Enrollment, 2003-04 35% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Miscellaneous manufacturing (per capita) (inverse) 35% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Miscellaneous manufacturing (per $ GDP) (inverse) 35% [plot | correlate | graph]
...and  Education > Public Libraries > Number of Central Libraries 34% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Computer and electronic product manufacturing (per capita) (inverse) 34% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Utilities (per $ GDP) 34% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Race / Ethnicity Unknown (per capita) (inverse) 32% [plot | correlate | graph]
...and  Labor > Miscellaneous manufacturing > Number of employees (per capita) (inverse) 30% [plot | correlate | graph]
...and  Housing > Median Housing Value of Owner-Occupied Housing Units (inverse) 29% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Utilities (per $ GDP) 29% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Utilities (per $ GDP) 29% [plot | correlate | graph]
...and  Industry > Computer & electronic product manufacturing > Production workers wages (per $ GDP) (inverse) 29% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Federal Reserve banks, credit intermediation and related services (inverse) 29% [plot | correlate | graph]
...and  Industry > Computer & electronic product manufacturing > Value added (per $ GDP) (inverse) 28% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Computer and electronic product manufacturing (per $ GDP) (inverse) 28% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Rental and leasing services and lessors of intangible assets 27% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Utilities (per capita) 26% [plot | correlate | graph]
...and  Energy > Electric Power Industry Emissions > SO2 26% [plot | correlate | graph]
...and  Education > Public Libraries > Number of Branch Libraries (per capita) (inverse) 26% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Machinery manufacturing 26% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Real estate (per capita) (inverse) 26% [plot | correlate | graph]
...and  Energy > Total Renewable Energy Produced (per capita) (inverse) 25% [plot | correlate | graph]
...and  Military > Army Recruits: Percent Asian (inverse) 25% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Computer systems design and related services (per capita) (inverse) 25% [plot | correlate | graph]
...and  Industry > Computer & electronic product manufacturing > Total value of shipments (per $ GDP) (inverse) 25% [plot | correlate | graph]
...and  Labor > Computer & electronic product manufacturing > Production workers hours (per capita) (inverse) 24% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Computer systems design and related services (per capita) (inverse) 24% [plot | correlate | graph]
...and  Economy > GSP > Chain-type Quantity Indexes > Warehousing and storage 24% [plot | correlate | graph]
...and  Education > Bachelor's degree or higher, by percentage (inverse) 24% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Computer systems design and related services (per $ GDP) (inverse) 24% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Real estate (per $ GDP) (inverse) 24% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Computer systems design and related services (per $ GDP) (inverse) 24% [plot | correlate | graph]
...and  Military > Navy Recruits: Percent Asian/Pacific Islander (inverse) 23% [plot | correlate | graph]
...and  Energy > Electric Power Industry Emissions > SO2 (per capita) 23% [plot | correlate | graph]
Average: 31%

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 measure of manufacturing activity is derived by subtracting the cost of materials, supplies, containers, fuel, purchased electricity, and contract work from the value of shipments (products manufactured plus receipts for services rendered). The result of this calculation is adjusted by the addition of value added by merchandising operations (i.e., the difference between the sales value and the cost of merchandise sold without further manufacture, processing, or assembly) plus the net change in finished goods and work-in-process between the beginning- and end-of-year inventories.

SOURCE: Annual Survey of Manufactures, 2004

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