Forecasting the job market after a devastating day on Wall Street

August 5, 2011

Produced by Eight Forty-Eight

(Getty/Mario Tama)
The Dow fell more than 500 points Thursday.

After a brutal day on Wall Street Thursday, surely a few traders busted out some antacids Friday morning. Compounding the tension was the wait for the latest job report. The numbers for July arrived early Friday morning--they were not bad but they were not great.

So Eight Forty-Eight asked its regular business guru David Greising to assess what it all this meant for the economic forecast.Greising is a reporter with the Chicago News Cooperative.