The Spanish statistical office INE released its labour market figures on Thursday. The unemployment rate was 20.9% in the fourth quarter, down from 21.2% in the third quarter. It was the lowest level in four years.

The number of registered unemployed people fell by 71,300 in the fourth quarter to 4.78 million, the lowest level since the end of 2010.

In 2015 as whole, the number of registered unemployed people declined by 678,200.

Spain's unemployment rate is the second-highest unemployment rate in the Eurozone after Greece.