Insta
ESIC Data For July Shows Creation Of 14.24 Lakh New Jobs; EPFO Subscribers Rise By 11.61 Lakh In Same Month
Representative image (Photo by Matt King/Getty Images)
The latest payroll data of the Employees’ State Insurance Corporation (ESIC) has revealed that job creation in the formal sector in the country reached 14.24 lakh in the month of July, a considerable rise over the previous month of June when 12.49 lakh jobs were created, reports PTI.
This information comes to light after sluggish GDP growth in Q1 of 2019-20, which had given rise to talks of an ongoing economic slowdown.
Previous data released by the National Statistical Office (NSO) for 2018-19 showed that gross enrollments with the ESIC of new members had reached 1.49 crore in 2018-19. Between September 2017 to March 2018, gross enrollments of new subscribers was 83.34 lakh.
Apart from this, data from the Employees Provident Fund Organisation (EPFO) has also shown growing numbers of new subscribers, with a net positive number of depositors added. 11.61 lakh new subscribers on a net basis were added in July itself, while in 2018-19 the number of net new subscribers was 61.12 lakh.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
