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White House heralds economic gains of 2014

A job seeker fills out an application during a career fair on May 21, 2014 in San Francisco, CaliforniaThe White House on Tuesday said its policies have paid off with the US growing faster than other advanced economies, but added that many Americans still struggle with low wages. In a summary of progress in 2014, Jason Furman, chairman of President Barack Obama’s Council of Economic Advisers, said the rebound from the 2008-2009 Great Recession gained pace this year and passed several key milestones.

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