Current Affairs Global - 11 January 2015

1. The US economy added 252,000 jobs in December as economy improved significantly. US unemployment rate dropped to 5.6% in December compared to 5.8% in November, as per the data published by the US Labor Department. This is the lowest unemployment rate since June 2008.


2. China's inflation, measured by consumer price index, stood at 1.5% in December compared to 1.4% in the previous month of January. Inflation increase marginally due to increase in prices of some food items.


Consumer price inflation (CPI) for the whole year 2014 stood at 2% compared with 2013 which was much lower than government's target of 3.5%.