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White House sees US job growth accelerating in 2012
* Average growth in U.S. payrolls of 167,000 a month seen
WASHINGTON, Feb 17 (Reuters) - U.S. job creation will pick up this year as a moderate economic recovery continues, the White House said on Friday, but it faces a key risk from the debt crisis in Europe.
Stronger job growth may boost President Barack Obama as he seeks re-election in November, but his annual economic report warned that the road ahead could be bumpy .
"Only a prolonged and robust expansion can eliminate the large jobs deficit that opened up during the recession, and the economy as a whole has considerable room to grow," the report said.