Well with 266,000 new jobs, I'm assuming many of them are entry level. That obviously would bring the average wage down a tad.
For example, I have a company of 100 employees with an average tenure of 10 years and an average salary of $60,000. I receive some large new clients and I suddenly have to add 20 new employees with an average starting salary of $40,000.
So now, I have a company of 120 employees with an average tenure of 8.33 years and an average salary of $56,666.
Oh no! Wages are down 5.5% Disaster!
Yup - 90k of the jobs were in hospitality (bars and restaurants) which will pull the average wage down.
In a situation like that wages might be slightly down but opportunity is way up. (for the willing that is).