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Strength of correlation (R squared): 0.987 (this correlation is very strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Industry > Industrial firms > Total number of employees |
Economy > GSP > Compensation of Employees > Retail trade |
| Plot Display: |
Linear |
Linear |
| Definition: |
Total number of employees working in industrial establishments. An establishment is a single physical location at which business is conducted or services or industrial operations are performed. It is not necessarily identical with a company or enterprise, which may consist of one or more establishments. When two or more activities are carried on at a single location under a single ownership, all activities generally are grouped together as a single establishment. The entire establishment is classified on the basis of its major activity and all data are included in that classification. |
Retail trade, 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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| Source: |
US Census Bureau, 2003 |
U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.
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| Correlations: |
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