4.9 Percent Unemployment Rate? Over 80% Of Jobs Added In January Were Minimum Wage Earners

(Hat tip: KimR) - Jobs were good; earnings were a disaster - that's the best summary of today's jobs report. As we noted earlier, February suffered the biggest ever monthly drop in average weekly earnings, because not only did hourly earnings drop but so did hours worked, resulting in far lower overall weekly wages. Read more at Zero Hedge