8.27 lakh jobs created in October, 79.16 lakh in last 14 months: EPFO data
Live MintNew Delhi: 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 from September 2017 to October 2018, data showed. 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. 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.