Unemployment in the Euro Area dipped to its lowest level in more than 3 years in July, suggesting that the region’s recovery is at last gaining pace. Eurostat, the EU’s statistics office, reported on Tuesday that the seasonally adjusted unemployment rate for the 19-nation region fell to 10.9% in July from 11.1% in June. That’s the lowest since February 2012 with Germany at the lowest member country rate and Greece at the highest level.