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August 2014 Current Events: Business News

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Here are the key events in business news for the month of August 2014.

  • Job Growth Slows in July (Aug. 1): According to the Labor Department, the U.S. economy adds only 209,000 jobs in July after the surge of 298,000 additional jobs in June. The unemployment rate unexpectedly rises from 6.1% in June to 6.2% in July. Economists had predicted that 233,000 jobs would be added in July.

  • Goldman Sachs Buys Bonds Back (Aug. 23): Goldman Sachs agrees to purchase back the $3.15 billion in mortgage bonds it unloaded onto Fannie Mae and Freddie Mac before the 2008 financial crisis.