JERUSALEM, Mar' 2: Unemployment fell in January to its lowest level since the creation of the state of Israel in 1948. the.national statistics office said yesterday, reports AFP.

Despite the arrival of 77.000 immigrants last year, mostly from the former Soviet Union, the jobless ’figure-dropped to 5.9 per cent of the working population, from 7.8 per cent In January 1995.

Immigrations stimulated, economic activity, the statis-' tics office said, and growth In GNP hit seven per cent in real terms In 1995.

When the labour government came'to power tn June 1992. unemployment was 11.2 per cent. Israel has since signed peace accords with the Palestinians and Jordan, boosting the economy and drawing foreign Investment.