U.K. employment rose to a record high in the three months through May after the economy created jobs at a stronger-than-expected pace. The number of people in work rose by 137,000, taking the employment rate to 75.7 percent, the highest since records began in 1971, the Office for National Statistics said Tuesday. Unemployment held at a 43-year low of 4.2 percent. Pay growth eased during the period, with wages excluding bonuses rising by 2.7 percent, as forecast. However, the slowdown may do little to ease concerns among Bank of England policy makers about inflationary pressures building in the labor market. Money markets are pricing in an about 80 percent chance of an interest-rate hike in August, a move also expected by more than 70 percent of economists in the latest Bloomberg survey. The pound rose following the labor-market data and was at $1.3261 as of 9:34 a.m. London time, up 0.2 percent on the day. BOE’s Haldane Sees Signs o...