For the United Kingdom's central bank, the employment market may still be overly tight, wrote Rob Wood and Elliott Laidman Doak from Pantheon Macroeconomics in a report to clients. Data released on Tuesday showed that in the three months ending in October, wage growth rose again while the unemployment rate remained low. "Rate setters will pay attention to these trends," Wood and Laidman Doak stated. "On that issue, the unemployment rate may be gradually rising, the labor market may be loosening, but historically, the labor market is still tight, and wage growth remains relatively fast, so it is unlikely that the inflation rate will quickly and consistently fall back to the target level."