India, Feb. 18 -- The UK unemployment rate remained unchanged, but wage growth picked up in the fourth quarter, supporting the Bank of England's cautious approach to further policy cuts.
The jobless rate came in at 4.4 percent in the three months to December, the same as in the preceding period, the Office for National Statistics said on Tuesday. Economists had forecast the rate to rise to 4.5 percent.
Average earnings excluding bonus grew at a pace of 5.9 percent on a yearly basis, following a 5.6 percent rise in the previous three-month period. The rate came in line with expectations and marked the strongest since the three months to April 2024.
Including bonus, average earnings advanced 6.0 percent from a year ago, the fastest since l...