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British Jobless Rate Stays Stable; Wage Growth Slows

The UK unemployment rate remained stable in the three months to January and wages grew slowly, raising the possibility of an interest rate pause from the Bank of England after ten successive rate hikes.

The unemployment rate remained unchanged at 3.7 percent in the three months to January, the Office for National Statistics reported Tuesday. The rate was forecast to rise slightly to 3.8 percent.

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by Renju Jaya

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