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Labor > Machinery manufacturing > Production workers hours (vs)
Industry > Machinery manufacturing > Total capital expenditures
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Strength of correlation (R squared): 0.830 (this correlation is strong)
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| Variable: |
Labor > Machinery manufacturing > Production workers hours |
Industry > Machinery manufacturing > Total capital expenditures |
| Plot Display: |
Linear |
Linear |
| Definition: |
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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Represents the total new and used capital expenditures reported by establishments in operation and any known plants under construction.
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| Source: |
Annual Survey of Manufactures, 2004
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Annual Survey of Manufactures, 2004
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| Correlations: |
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