Payroll data by EPFO: New jobs rise to an 11-month high in July

RSTV Bureau
File Photo, Employees' Provident Fund Organization (EPFO)

File Photo, Employees’ Provident Fund Organization (EPFO)

The payroll data released by Employees’ Provident Fund Organization has showed that in the month of July, new job creation rose to an 11-month high of 9.51 lakh.

With the new figures, the total number of  jobs created rose to 61.81 lakh since September 2017. The data showed that Job addition numbers, which are based on new members enrolled in various social security schemes of EPFO such as pension, PF and insurance, were 9.51 lakh in July, the highest in any month since September 2017.

The payroll data showed, in total, as many as 61.8 lakh jobs were created during September 2017 to July 2018 period. Amid concerns over jobless growth and lack of comprehensive data on jobs, the government started releasing data on job creations in the formal sector since September 2017. Any company employing more than 20 people gets covered by EPFO.