UK Wage Growth Cools, Spelling Good News for BOE’s Inflation Battle

The U.K.’s jobless rate stayed steady in the three months to September though average wage growth eased a little, a boost for the Bank of England’s efforts to bring down still-high price inflation.

The unemployment rate stood at 4.2% in the three-month period, unchanged from the previous three months, according to data from the Office for National Statistics published Tuesday. This was in line with the rate expected by economists, according to a poll by The Wall Street Journal.