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Strength of correlation (R squared): 0.875 (this correlation is strong)
Outliers:
Michigan
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X Axis |
Y Axis |
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| Variable: |
Economy > GSP > Compensation of Employees > Motor vehicle, body, trailer, and parts manufacturing |
Labor > Transportation equipment manufacturing > Production workers hours |
| Plot Display: |
Logarithmic (base 10) |
Linear |
| 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.
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This item covers all hours worked or paid for at the manufacturing plant, including actual overtime hours (not straight-time equivalent hours). It excludes hours paid for vacations, holidays, or sick leave when the employee is not at the establishment.
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| Source: |
U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.
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Annual Survey of Manufactures, 2004
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| Correlations: |
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More correlations » |
More correlations » |
