August 2012 Current Events: Business News

Updated August 5, 2020 | Infoplease Staff

U.S. News | World News | Disasters & Science News

Here are the key events in business and science news for the month of August 2012.

• Another Weak Month for U.S. Economy (Aug. 3): After three months of stagnant hiring, U.S. employers add 163,000 jobs in July. However, the unemployment rate rises from 8.2 in June to 8.3 in July. Still, the increase in jobs is seen as a positive sign that the U.S. economy might bounce back from its midyear slump. The Dow Jones industrial average rises 247 points after the report is released.