Was Friday's Jobs Data Misread by Investors?

JP Morgan equity strategist says Friday's jobs data was misread by the market. He argues that the data don't show a falloff in jobs, but a rise in people looking for jobs, notably younglings 16-25. Hmmm. Would that have anything to do with the higher minimum wage? Highly likely, although I know it is hard to believe that bad policymaking out of Washington would hurt average people.