UK jobless rate hits 7-year low, BoE to note cooler pay growth

By William Schomberg and Ana Nicolaci da Costa LONDON (Reuters) - Britain's jobless rate has fallen to its lowest level in more than seven years but pay growth was a bit slower than expected, suggesting the labour market is not hot enough to speed up a Bank of England interest rate hike. Britain's unemployment rate fell to 5.4 percent in the three months to August, down from 5.5 percent in the three months to July, the Office for National Statistics said. It was the lowest jobless rate since the