Wednesday, October 25, 2023

Formal employment additions drop in August

New enrolments to the government's social security schemes in India declined in August, indicating slower growth in formal employment. The decline was more significant in higher-paying jobs, with new enrolments in the Employees' Provident Fund (EPF) Scheme falling by 13.3%. However, net subscriptions to the EPF scheme, which takes into account exits and re-entries, reached the highest level this year.

from Economy-News-Economic Times https://ift.tt/HvQEiYp
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