(PTI)
Employment generation in the formal sector increased by 48 per cent to touch a 15-month high of 7.32 lakh in November 2018 as compared to 4.93 lakh in the year ago month, according to the latest EPFO payroll data. Around 73.50 lakh new subscribers were added to social security schemes of the Employees’ Provident Fund Organisation (EPFO) from September 2017 to November 2018, the data showed.
This indicates that these many jobs were created in the last 15 months. The EPFO, however, revised downwards its payroll data for October 2018 to 6.66 lakh against the earlier estimate of 8.27 lakh. It also revised the cumulative job addition data from September 2017 to October 2018 downwards 16.4 per cent to 66.18 lakh from earlier forecast of 79.16 lakh.
