The Economy in 2014

(White House) The U.S. economic recovery took a major step forward in 2014, achieving a number of important milestones. American businesses set a new record for the most consecutive months of job growth: now 57 straight months and counting. By November, the economy had already added more jobs than in any full calendar year since the 1990s. And crucially, the pickup in job growth during 2014 occurred primarily in higher-paying industries, while nearly all of the employment gains have been in full-time positions. At the same time, the unemployment rate fell below 6 percent for the first time since 2008.

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