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EPFO payroll data: 827k new jobs in October; 7.9 million in 14 months

Around 7.9 million new subscribers were added to social security schemes of the Employees' Provident Fund Organisation (EPFO) from September 2017 to October 2018

Jobs, employment
premium

While the Congress has made lack of jobs its key election plank, the BJP has taken claim to Mudra Bank loans, which helped 4.4 million youths get self-employed in the last five years

Press Trust of India New Delhi
Employment generation in the formal sector nearly trebled to 827,000 in October 2018 as compared to 281,000 in the same month a year ago, while 7.9 million jobs were added in 14 months since September 2017, according to EPFO payroll data released on Thursday.

Around 7.9 million new subscribers were added to social security schemes of the Employees’ Provident Fund Organisation (EPFO) from September 2017 to October 2018, the data showed. This indicates that these many jobs were created in the last 14 months.

However, the payroll data  showed that there is a downward revision of 10.81 per