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StateMaster - Correlations > Economy > GSP > Compensation of Employees > Paper manufacturing
 

Correlations > Economy Statistics > GSP > Compensation of Employees > Paper manufacturing


Showing latest available data.

Correlations between Economy > GSP > Compensation of Employees > Paper manufacturing ...

Variable Strength
...and  Industry > Paper manufacturing > Total cost of materials 92% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Paper manufacturing 92% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Paper manufacturing 92% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Total value of shipments 90% [plot | correlate | graph]
...and  Labor > Paper manufacturing > Production workers hours 87% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Value added 86% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Annual payroll 72% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Electrical equipment and appliance manufacturing 71% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Electrical equipment and appliance manufacturing 71% [plot | correlate | graph]
...and  Labor > Paper manufacturing > Number of employees 70% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Total capital expenditures 68% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total value of shipments 68% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Electrical equipment and appliance manufacturing 68% [plot | correlate | graph]
...and  Labor > Paper manufacturing > Production workers (average per year) 67% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total cost of materials 67% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Value added 65% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Number of employees 64% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Total capital expenditures 63% [plot | correlate | graph]
...and  Labor > Printing & related support activities > Production workers (average per year) 62% [plot | correlate | graph]
...and  Industry > Paper manufacturing > Production workers wages 62% [plot | correlate | graph]
...and  Industry > Food manufacturing > Annual payroll 62% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Plastics and rubber products manufacturing 62% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Plastics and rubber products manufacturing 62% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Printing and related support activities 62% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Truck transportation 61% [plot | correlate | graph]
...and  Labor > Total Manufacturing > Production workers hours 61% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Food product manufacturing 60% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Electrical equipment and appliance manufacturing 60% [plot | correlate | graph]
...and  Industry > Electrical equipment, appliance, & component manufacturing > Annual payroll 60% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Printing and related support activities 60% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Printing and related support activities 60% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Plastics and rubber products manufacturing 60% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Total cost of materials 59% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Annual payroll 59% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Plastics and rubber products manufacturing 59% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Production workers wages 59% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Fabricated metal product manufacturing 58% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Fabricated metal product manufacturing 58% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Total value of shipments 58% [plot | correlate | graph]
...and  Labor > Electrical equipment, appliance, & component manufacturing > Number of employees 58% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Fabricated metal product manufacturing 58% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Production workers wages 57% [plot | correlate | graph]
...and  Industry > Total Manufacturing > Value added 57% [plot | correlate | graph]
...and  Industry > Printing & related support activities > Value added 57% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Fabricated metal product manufacturing 57% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Truck transportation 57% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Truck transportation 57% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Machinery manufacturing 57% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Machinery manufacturing 57% [plot | correlate | graph]
...and  Labor > Printing & related support activities > Number of employees 56% [plot | correlate | graph]
Average: 65%

About Correlations:

A correlation is a statistical measure of similarity between at least two given sets of data. StateMaster's correlations compare two variables from our database and reveal statistical relationships between them. The percentages you see represent the strength (or likelihood) that a change in the topic variable is matched by a change in the listed variables below it. But remember: These correlations do not imply causation, that is, one does not necessarily cause the other. Also, not all variables contain all states, rather subsets of states matched together.

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NOTES:

  • Outliers have been removed only where they are outside 3 standard deviations of the mean.
  • Only variable pairs where at least 15 states match for each have been considered.
  • Strength is given by the correlation coefficient (R squared). It is the fraction of variation in Y that can be attributed to the variation in X. 100% signifies a perfect fit (R squared of 1). The top 50 such stats are displayed



DEFINITION: Paper 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.

SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003. via StateMaster

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