Comments
Net employment generation in the formal sector touched a 17-month high of 8.96 lakh in January, according to the latest EPFO payroll data.
The addition in January was 131 per cent higher as compared with 3.87 lakh EPFO subscribers added in the year-ago month.
In September 2017, a net of 2,75,609 jobs were created. Around 76.48 lakh new subscribers were added to social security schemes of the Employees’ Provident Fund Organisation from September 2017 to January 2019, the data showed.
This indicates that these many jobs were created in the formal sector over the past 17 months. The net EPFO enrolment in January 2019 stood at 8,96,516, which is the highest since September 2017.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.