That over the last 12 months, the economy added 386,000 jobs that up until now had not been reported. That may not sound like much, but it's a 20 percent jump over the 1.94 million jobs thought to have been created overall over that same period.

Also note, this is a net total: the private sector created 453,000 additional jobs, while Republican austerity measures forced the public sector to shed an additional 67,000 jobs.

As a political matter, Pat Garofalo notes another salient angle: even if the early 2009 job losses are held against President Obama, he's now broken into positive territory for his first term. It also means more jobs were created in Obama's first four years than during George W. Bush's first four years -- and Bush didn't inherit a global economic catastrophe.