However, the overall nominal wage increase in 2024, including businesses with five or more employees, was 2.9 percent. It indicates that the rate of wage increase is lower for smaller establishments.

In response, Xi Jinping, China’s ruler, introduced a policy called “supply-side structural reform”. Its original aim was to ...

Personal consumption expenditures (PCE) is a measure of consumer spending and includes all goods and services bought by U.S. households. Learn how it's used.