Bob Herbert has more.
I dunno. My guess, which along with four bucks will get you a nice venti mocha, is that a real wages decline is due to a preponderance of these new jobs being entry-level. A couple hundred thousand WalMart jobs is definitely gonna skew the average. And if the majority of those jobs are going to seniors instead of teenagers (who are the only people who should be stuck in an entry-level job), that is not a recipe for long-term success.
Regardless, one good month in the face of multiple world events (which artificially skew things like job and stock markets) is cause for cautious optimism, not hysterical jubilation. The numbers take a little time to sort out. A good month is just that -- a good month, and absent real analysis, should be taken as such.
But I suppose that would detract from the constant cheerleading.