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Eurozone jobless rate dips to lowest in more than 11 years in August

The seasonally adjusted unemployment rate in the eurozone dipped to 7.4% in August from 7.5% in July, according to Eurostat.

This marked the lowest jobless rate in the region since May 2008. The consensus estimate of economists polled by Econoday was for a 7.5% print.

Germany's unemployment rate stood at 3.1% this month, the lowest among the eurozone's 19 member states.