Wednesday, December 20, 2023

Formal job creation under the Employees' Provident Fund Organisation up 18% in Oct

In October, formal job creation under the Employees' Provident Fund Organisation (EPFO) increased by 18.2% year-on-year, adding 1.53 million net new subscribers. However, compared to September's 1.72 million jobs, sequential formal job creation declined by 11%. The EPFO added 770,000 new members in October, a 6.07% rise from the same month last year, with 58.6% of the new joiners in the age group of 18-25 years.

from Economy-News-Economic Times https://ift.tt/s10pe9L
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