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Job Creation Soar To 11-Month High: 9.51 Lakh Jobs Added In July, 61.8 Lakh Created Since September 2017
An office in India. (Kunal Patil/Hindustan Times via Getty Images)
Data released by the Employees' Provident Fund Organisation has shown that job creations in July rose to an 11-month high of 9.51 lakh, PTI reported.
According to the report, this has taken the total number of new additions to the payroll to 61.81 lakh since September 2017. EPFO had started releasing payroll data, which includes the number of new additions to schemes such as pension, provident fund and insurance, in September 2017.
According to the data, the maximum number of enrolment, around 2,68,000, were recorded in the age bracket of 18 to 21 years. At least 2,54,827 were recorded in 22 to 25 age group. The age band estimates are net of the members enrolled and exited during the month as per the EPFO records.
The number of new enrolments from September 2017 to June 2018 has been revised to 52.30 lakh from 47.13 lakh estimated earlier.
Between September 2017 and July 2018, as many as 61,81,943 jobs were created, the data shows. This estimate may include temporary employees.
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