According to new revisions released today by the Bureau of Labor Statistics, the economy created 386,000 more jobs
between March 2011 and March 2012 than shown by previous estimates.
The Economist’s Greg Ip tweeted that the revisions mean that Obama’s net job creation number is now 125,000.
The new numbers — which are based off of unemployment insurance reports
that employers submit to the federal government — show that 453,000
more private sector jobs were created than shown by previous estimates,
meaning Obama’s net private sector job creation total is now 868,000.
Government jobs, meanwhile, shrank by an additional 67,000.