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Hiring Still A Puzzle: Jobless Claims Low, Jobs Growth So-So; All Eyes On Friday's Report; Claims, other indicators signal strong job market, but firms, people skittish.(A)
Byline: KIRK SHINKLE
When the Labor Department weighs in Friday with its monthly employment report, the market gets another chance to answer a most perplexing question: Where are the new jobs?
Everywhere and nowhere, it seems.
They aren't showing up in payrolls, despite a wealth of positive indicators.
In January, nonfarm payrolls grew by 146,000 -- barely enough to cover new entrants to the work force. Job growth averaged about 185,000 a month in 2004, though the biggest gains were last spring.
Economists expect Friday's February employment report to show an increase of 225,000 jobs, though the data have disappointed for the past several months.
Oddly, positive job growth predictions are popping up everywhere except in hard numbers.
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