Formal job creation under EPFO highest in July since 2018: Labour Ministry
The Employees’ Provident Fund Organisation (EPFO) in India saw a record high in formal job creation, adding 1.87 million net subscribers in July. However, formal jobs created under the Employees’ State Insurance Corporation (ESIC) fell by 1.9% to 1.98 million in July. The EPFO data shows a trend of increasing youth employment, with 58.4% of new workers in the 18-25 age bracket.
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