"The Bureau of Labor Statistics is out with its annual update to benchmark unemployment numbers (for the more cynical among you, the BLS does this every fall so this is not a number being ‘timed’ for the election), and the numbers reveal that 386,000 more non-farm jobs were actually created between March, 2011 and April 2012 than what had been originally reported.

"As a result of the revision, the Obama administration can now claim a net job increase of 125,000 rather than what had previously been believed to be a net loss of 261,000 jobs."