LONDON ---Britain's unemployment rate was much lower late last year than previously thought, the Office for National Statistics said on Monday, citing re-weighted survey results that might add to the Bank of England's caution about cutting interest rates quickly. The new data showed a unemployment rate of 3.9 percent in the three months to November, compared with 4.2 percent provided by the ONS last month on a temporary, experimental basis. The BoE is watching Britain's labor market closely as it considers whether inflation pressures in the economy have cooled enough for it to cut its benchmark interest rate from its highest level in nearly 16 years at 5.25 percent. The ONS ...Keep on reading: UK unemployment rate much lower than thought in late 2023