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By Karl Smith

As a look into the difference benchmark revisions have made, here is a chart of 12-month rolling average private sector job creation as initially reported (blue), revised after the March 2011 based benchmark (red), and revised after the March 2012 based benchmark (green).

(click to enlarge)

The last data point gives us the average for 2011 itself: 160K to 175K to 200K.

Source: Private Sector Job Growth In 2011, Over The Years