I was reading Network Science with Python and NetworkX, which has the following definition:
The node connectivity is the smallest min-cut over all node pairs. The edge connectivity is defined similarly.
It then proceeds to show that Zachary's Karate Club, as well as several other examples, has a node connectivity of 1. Does this simply means that there exists a node with a single edge (i.e. a degree of 1)?
In general, could the node connectivity ever exceed the smallest degree node in the network? Will it ever be less than that?

Definitions are adopted from "Graph Theory" by Reinhard Diestel. All considered graphs are finite, simple and undirected.
A graph $G=(V,E)$ is $k$-connected (for $k \in \mathbb{N}$) if $|G| > k$ and $G-X$ is connected for every set $X \subseteq V$ with $|X| < k$. In other words, no two vertices of $G$ are separated by fewer than $k$ other vertices. We call the greatest integer $k$ such that $G$ is $k$-connected the connectivity of $G$ and denote it by $\kappa(G)$.
If $|G| > 1$ and $G-F$ is connected for every set $F \subseteq E$ of fewer than $l$ edges, then $G$ is $l$-edge-connected. The greatest integer $l$ such that $G$ is $l$-edge-connected is the edge-connetivity $\lambda(G)$ of $G$.
The following inequalities are due to Whitney.
Theorem: Let $G=(V,E)$ be a graph with minimum degree $\delta(G)$, then $\kappa(G) \leq \lambda(G) \leq \delta(G)$.
Proof Sketch: Consider a vertex $v$ of minimum degree $deg(v)=\delta(G)$. By removing $deg(v)$ edges that are incident to $v$, $G$ becomes disconnected. We need to show that $\kappa(G) \leq \lambda(G)$. Let $X \subset E$ be the set of edges incident to $v$. Find a set of at most $|X|$ vertices that disconnects $G$ (this is relatively straight forward by the way). Deleting a vertex, also deletes every edge that is incident to that vertex (using this, we can show that assuming $\lambda(G) < \kappa(G)$ leads to contradiction).