While EPFO saw fresh additions of 1,047,167 in September, this number was 719,116 in August and it was 668,384 fresh additions in July, the fresh data showed
New Delhi: At least 1.04 million new workers joined the formal workforce in September, the Employees’ Provident Fund Organisation (EPFO) said in its payroll data on Friday. This is the fifth month in a row that new additions were up after falling sharply in April, following the pan-India lockdown imposed in March.
The provisional data for September pegged the new additions at 1,047,167, while updated data for July and August showed 668,384 and 719,116 new jobs, respectively.
In October, EPFO had said that 669,914 fresh subscribers were added in August. Similarly, in October, it had said that 648,077 fresh subscribers were added in July, which was 20,000 less than what it claimed on Friday.
The retirement fund body said the gradual growth in payroll additions was an indication of a robust recovery to pre-covid-19 levels. EPFO said over the past three months, Maharashtra, Haryana, Gujarat, Tamil Nadu, and Karnataka were “at the forefront of the employment recovery".
India has been witnessing a huge jobs crisis because of several factors, including a slowing economy amid the covid crisis and the consequent lockdown prompting several businesses to shut shop or face an extreme financial crunch.
Of the fresh additions in September, 448,233 were for the 18-25 age group, almost 51,000 more than August. The 18-25 age group is considered crucial in the labour market for gauging the recovery of the sector.
Net payroll additions for September were more than 1.49 million, EPFO said. These also include people who left an organization in August to return to the EPFO fold by getting a job in another company. Experts, however, rely on the payroll data for fresh additions as the number of net additions tend to fluctuate.