News: 47 lakh jobs created in 10 months till June: EPFO Data

Recruitment

47 lakh jobs created in 10 months till June: EPFO Data

According to the payroll data released by the Employees' Provident Fund Organisation (EPFO) for September-May, as many as 44.74 lakh new member were enrolled for its social security schemes to provide benefits, including provident fund, insurance and pension.
47 lakh jobs created in 10 months till June: EPFO Data

The latest data from retirement fund body EPFO's payroll suggests that as many as 47.13 lakh jobs were created during September 2017 to June this year. 

However, the retirement body lowered earlier estimate of new members’ enrolment by 12.38 percent, from 44.74 lakh to 39.20 lakh member for September 2017-May 2018 period. 

According to the payroll data released by the Employees' Provident Fund Organisation (EPFO) for September-May, as many as 44.74 lakh new member were enrolled for its social security schemes to provide benefits, including provident fund, insurance and pension. 

As per the latest data uploaded today by the EPFO, the new member’s enrolment in June is the highest so far in the last 10 month at 7,93,308. When it comes to age wise brackets, the maximum number of enrolment of 2,53,466 were recorded in the age bracket of 18 to 21 years followed by 2,05,177 in 22 to 25 age group. 

The data is provisional as updation of employees records is a continuous process and gets updated in subsequent months, the EPFO said in a statement. It also stated that the estimates may include temporary employees, whose contributions may not be continuous for the entire year. 

Earlier this year, the EPFO had started the practice of updating payroll data on its official portal. The body had also lowered its payroll data estimates earlier.

 

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Topics: Recruitment, #Jobs

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