The third was to strengthen “window guidance” and credit guidance. Efforts were made to guide financial institutions to strengthen credit regulation and extend loans in a sound and balanced manner during the year, so as to prevent volatile movements of lending activities. Measures were taken to encourage growth in some sectors while discouraging it in others and rationalize the credit structure.
Average monthly job gains continue to outpace the increase needed to provide jobs for new entrants to the labor force over the longer run. At 3.7 percent in September, the unemployment rate has not been this low since 1969. In addition, after remaining stubbornly sluggish throughout much of the expansion, wage growth is picking up.