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Strength of correlation (R squared): 0.871 (this correlation is strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Labor > Miscellaneous manufacturing > Production workers hours |
Economy > GSP > Real GSP > Hospitals and nursing and residential care facilities |
| Plot Display: |
Linear |
Logarithmic (base 10) |
| 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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Hospitals and nursing and residential care facilities, Real GSP (chained 2000 dollars) GSP, or Gross State Product is the value of all the goods and services produced in a state. Specific industries measured will give the value of all goods and services in that industry. The Nominal Gross State Product measures the value of all the goods and services produced expressed in current prices. On the other hand, Real Gross State Product measures the value of all the goods and services produced expressed in the prices of some base year.
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| Source: |
Annual Survey of Manufactures, 2004
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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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