Swans blew a 4-2 halftime lead to allow relegated Wolves to take a point.
Rodgers said: "I thought that in the first half going forward we were good, but there is disappointment at our defensive display.
"We gave away poor goals, I said to the players that for the majority of the first half we played as a team. For the first 30 minutes and with the structure we had we created plenty of chances and got the goals. We had three but we could have scored more.
"But we gave away a disappointing goal from a cross when Fletcher scored and then Jarvis scored as well and it gave Wolves oxygen.
"The game should have been dead at 3-0 and in the second half I felt there were too many individuals and we did not play as a team.
"We have shown over the season how well we defend so to concede four goals at home was incredible really. You don't want too many of those as a coach or manager."