The UK's jobless rate held steady in the three months to July amid a decline in job vacancies and cooling labor market conditions, data from the Office for National Statistics showed Tuesday. The unemployment rate for people aged 16 years and over stood at 4.9% in the three months to July, unchanged from the prior three-month period. The latest reading, released ahead of the Bank of England's monetary policy meeting on Thursday, came in a touch below the consensus estimate of 5%. Meanwhile, the UK employment rate for people aged 16 to 64 years stood at 75.1%. "The labour market remains broadly stable, with employment and unemployment rates largely unchanged in the latest period.
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