LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

8.27 lakh jobs created in Oct; 79.16 lakh in last 14 months: EPFO payroll data

Around 79.16 lakh new subscribers were added to social security schemes of the Employees' Provident Fund Organisation (EPFO) from September 2017 to October 2018, data showed. This indicates that these many jobs were created in the last 14 months.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
8.27 lakh jobs created in Oct; 79.16 lakh in last 14 months: EPFO payroll data
EPFO said in its statement that the data is provisional as updation of employee records is a continuous process and gets updated in subsequent month/s, Image source: PTI
Written By: PTI
Updated: Fri, Dec 21, 2018
10:04 am
New Delhi, PTI
RELATED NEWS
Pensioners ALERT: RUSH! Last date to submit digital life certificate tomorrow—Avail doorstep service from SBI, PNB, BoB and other banks Pensioners ALERT: RUSH! Last date to submit digital life certificate tomorrow—Avail doorstep service from SBI, PNB, BoB and other banks
EPFO Members Alert! EPF contribution rule may change if government accepts this labour union's demand EPFO Members Alert! EPF contribution rule may change if government accepts this labour union's demand
7th Pay Commission latest news: Central government employees alert! Your DA, PF, Gratuity, other allowance may change next fiscal 7th Pay Commission latest news: Central government employees alert! Your DA, PF, Gratuity, other allowance may change next fiscal
PF Tax Rules: Check EPFO rules that will affect your EPF, Provident Fund contribution from 1st April this year PF Tax Rules: Check EPFO rules that will affect your EPF, Provident Fund contribution from 1st April this year
Payroll data: EPFO registers 24% growth for December 2020 on Year-on-year basis—check states leading employment generation Payroll data: EPFO registers 24% growth for December 2020 on Year-on-year basis—check states leading employment generation

Employment generation in the formal sector nearly trebled to 8.27 lakh in October 2018 as compared to 2.81 lakh in the same month a year ago, while 79.16 lakh jobs added in 14 months since September 2017, according to EPFO payroll data released Thursday.

Around 79.16 lakh new subscribers were added to social security schemes of the Employees' Provident Fund Organisation (EPFO) from September 2017 to October 2018, data showed. This indicates that these many jobs were created in the last 14 months.

However, the payroll data released Thursday showed that there is a downward revision of 10.81 per cent in the new jobs at 70.89 lakh created in 13 months till September 2018, from earlier estimates of 79.48 lakh released by the EPFO last month.

Similarly the payroll data for September 2018 has also been revised downward by 5.5 per cent to 8.75 lakh from 9.73 lakh released last month. 

However, the job creation remained highest in September 2018 during the 14-month period till October 2018.

The lowest number of 1.59 lakh subscribers were added to the EPFO schemes in March this year as per data for that month which was also revised downward from 2.36 lakh estimate released last month.

During October this year, the maximum number of 2.32 lakh jobs were created in the 22-25 years' age group followed by 2.22 lakh in the 18-21 years' age bracket.

The EPFO said in its statement that the data is provisional as updation of employee records is a continuous process and gets updated in subsequent month/s.

Watch Zee Business Tweet Video here:

#AajKe2000 | अनिल सिंघवी ने किस ख़बर के चलते दी #NCC को शॉर्ट करने की राय।@AnilSinghviZEE @deepaliranaa pic.twitter.com/SEUw5mfEIP

— Zee Business (@ZeeBusiness) December 21, 2018

The estimates may include temporary employees whose contributions may not be continuous for the entire year. Members' data are linked to unique Aadhaar Identity, it added.

The EPFO manages social security funds of workers in the organised/semi organised sector in India and has more than 6 crore active members (with at least one-month contribution during the year). 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
EPFOemployment generation
RELATED NEWS
Pensioners ALERT: RUSH! Last date to submit digital life certificate tomorrow—Avail doorstep service from SBI, PNB, BoB and other banks Pensioners ALERT: RUSH! Last date to submit digital life certificate tomorrow—Avail doorstep service from SBI, PNB, BoB and other banks
EPFO Members Alert! EPF contribution rule may change if government accepts this labour union's demand EPFO Members Alert! EPF contribution rule may change if government accepts this labour union's demand
7th Pay Commission latest news: Central government employees alert! Your DA, PF, Gratuity, other allowance may change next fiscal 7th Pay Commission latest news: Central government employees alert! Your DA, PF, Gratuity, other allowance may change next fiscal
PF Tax Rules: Check EPFO rules that will affect your EPF, Provident Fund contribution from 1st April this year PF Tax Rules: Check EPFO rules that will affect your EPF, Provident Fund contribution from 1st April this year
Payroll data: EPFO registers 24% growth for December 2020 on Year-on-year basis—check states leading employment generation Payroll data: EPFO registers 24% growth for December 2020 on Year-on-year basis—check states leading employment generation

LATEST NEWS

CBSE exam 2021: Class 10, 12 students should know THESE 10 points before appearing for board exams

ISRO First Mission in 2021: Indian rocket to launch Brazilian satellite, PM Modi picture on spacecraft, space privatisation and more

Google fires 150 game developers hired for Stadia: Report

Petrol, diesel prices on February 27: Fuel prices hiked again today—check rates in your cities

Stock Market Outlook: Nifty, Bank Nifty crucial levels REVEALED; Anil Singhvi explains key reasons behind massive fall

Bank Holidays March 2021: RBI says banks will remain closed on these many days next month

Sovereign Gold Bond Scheme 2021: Issue Price fixed at Rs 4,662/gm

Pensioners ALERT: RUSH! Last date to submit digital life certificate tomorrow—Avail doorstep service from SBI, PNB, BoB and other banks

West Bengal, Tamil Nadu, Kerala, Assam, Puducherry elections: Not just Voter ID, you can use any of these 11 ID proofs to cast vote

Maharashtra board exams for Classes 12, 10 to begin on April 23, 29

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved