Weekly Indicators: dollar, commodity, and industrial trends all intensify edition

Monthly data for October began with a blowout jobs report, including declining unemployment rates and a nice increase in wage growth. Vehicle sales also had another blockbuster month. The ISM services index rose to very positive. Only ISM manufacturing was flat at a barely positive number. September factory orders were down, but construction spending was up. In the rear view mirror, both Q3 productivity and labor costs were up – a good thing.