(Reuters) – Spain’s unemployment rate fell to 13.33% in the fourth quarter of 2021 from 14.57% three months earlier to reach its lowest level since 2008, data from the National Statistics Institute showed on Thursday, as the labour market continued to rebound from a pandemic-induced slump.

Economists polled by Reuters had forecast Spain’s unemployment rate would reach 14.20%. The rate stood at 16.13% in the fourth quarter of 2020.

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