The really bad news for the Chicago mob is that Gallup's unemploymentsurvey shows the Obama economy is getting even worse. Gallup reported an uptick in joblessness in their latest survey of 30,000 households.

"(T)his suggests that the government's unadjusted unemployment rate could increase to 8.7% ... The government's measurement of the unadjusted unemployment rate has been known to differ with Gallup's findings, but a drop of 0.3% ... is necessary to bring the government's unadjusted rate down to Gallup levels."

However, the figure that is most commonly used in reporting joblessness is the Bureau of Labor Statistics's (BLS's) seasonally adjusted rate. Of that rate, Gallup notes:

"More interestingly, there were no BLS seasonal adjustments in August 2011. If this remains the same in 2012, the Gallup seasonally adjusted unemployment rate for August would be 8.3% while that of the BLS would be 8.7%, assuming a similar increase to that shown in the Gallup data."

That would represent a .4% increase over last month's numbers and would raise the official government jobless rate dangerously close to 9%.

Gallup adds:

"Further, Gallup's data show the labor force participation rate to be increasing in August. In turn, that could have an additional negative impact on the unemployment rate for August if the government's data show a similar pattern."

Gallup hints that only something like manipulation of data will prevent the BLS from reporting a substantial increase in unemployment.

Read more: http://www.americanthinker.com/2012/08/potentially_devastating_news_on_the_obama_economy.html#ixzz23waLpEHF