Rob Wood and Elliott Laidman Doak, macroeconomists at Pantheon, stated that the UK labor market remains overly tight, leaving the Bank of England dissatisfied. Data released on Tuesday indicated that in the three months ending in October, wage growth accelerated again, and the unemployment rate remained low. The two economists mentioned that rate setters will pay attention to trends; in this regard, the unemployment rate may gradually rise, and the labor market may ease, but it remains historically tight, and wage growth is too high, preventing inflation from quickly and sustainably returning to target levels.