August 2013 Current Events: Business News
Here are the key events in business news for the month of August 2013.
More Jobs Are Added in July, But Growth Remains Slow (Aug. 2): According to the Labor Department, 162,000 jobs are added in July, thirty thousand less than what was added in June. Meanwhile, unemployment decreases from 7.6 percent in June to 7.4 percent in July, partly because more people stopped looking for work. The unemployment rate represents only those who are only actively seeking a job.
Amazon Founder Buys The Washington Post (Aug. 5): Jeff Bezos, founder and CEO of Amazon.com, buys The Washington Post for $250 million. Bezos is currently ranked 19th on Forbes' billionaire list. He has an estimated fortune of more than $25 billion. Despite his extensive wealth and success, Bezos' purchase comes as a surprise because he has not previously mentioned an interest in the newspaper business.