Jobs report crushes

Jobs were added over the expectation last month, but the wage growth disappointed. Data shows that the unemployment rated hit the eight-year low, which was held steady at 4.9%, and U-6 unemployment rate fell from 9.9% to 9.7%.

Average hourly wages fell 0.1% month-on-month and rose 2.2% year-on-year, both of them are not expected. Because of a calendar quirk falls outside the employment survey week, Pantheon Macroeconomics' Ian Shepherdson claimed that wage growth was consistently underestimated for February.

http://www.businessinsider.com/us-jobs-report-february-2016-2016-3