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Strength of correlation (R squared): 0.826 (this correlation is strong)
Outliers:
Texas
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X Axis |
Y Axis |
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| Variable: |
Economy > GSP > Compensation of Employees > Petroleum and coal products manufacturing |
Labor > Petroleum & coal products manufacturing > Production workers (average per year) |
| Plot Display: |
Logarithmic (base 10) |
Linear |
| Definition: |
Petroleum and coal products 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 includes all full-time and part-time employees on the payrolls of operating manufacturing establishments during any part of the pay period that included the 12th of the months specified on the report form. Included are employees on paid sick leave, paid holidays, and paid vacations; not included are proprietors and partners of unincorporated businesses.
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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 » |
