Aside from that, your timeline doesn't make any sense.
Households stopped deleveraging in July - Sept 2013, the third financial quarter. Last time I checked, that's not the end of 2013. Around that time, the jobs opening rate was 2.7%. Fast forward to April 2014, when the jobs opening rate breached key resistance levels of 2.9. That's two full financial quarters after the deleveraging occurred.
Considering the timeline, whatever you think happened, didn't. Especially when you consider the contraction in Q1 and the rebound in the Q2, which wasn't much better than Q3 2013 during the deleveraging period. My timeline makes much more sense. Government failed to extend emergency benefits, people lost their benefits and were forced to look for work. There is a significant correlation of this occuring, especially when you look at hires from JOLTS, along with the job openings rate.
I'm sorry, but that's really not how it worked at all. There was also no evidence that aggregate demand picked up. None.The end of household deleveraging contributed to an increase in aggregate demand, certain sectors could no longer accommodate that increase in demand via productivity gains, and the demand among employers for labor (supply of positions for potential employees) picked up as evidenced in the JOLTS data. Of course, some of the data is still subject to revision, but it appears that the revisions would need to be fairly large to materially change the general themes noted above.
Average growth for 2014 falls inline with average growth for the entire economic recovery, which is 2.3%. Along with the boost in the final two quarters from spending is more is slightly better than the average spending the economy has experienced within the last 5 years. Other than that, there is no acceleration in economic growth, or consumer spending. You, for whatever reason, believe that the deleveraging resulted in an increase in aggregate demand. This didn't end up happening. People also thought that the savings from lower gas prices would also translate into more spending in the economy. This also did not come to fruition.