Business Standard

Sunday, February 09, 2025 | 12:42 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Fresh formal job creation fell for third straight month, show EPFO numbers

New EPFO subscribers dipped by a sharp 26% in October, from the level a month ago

formal job creation
Premium

Surprisingly, enrolment of new male subscribers fell faster, by 26.1 per cent, than their female counterparts (25.5 per cent) in October

Shiva Rajora New Delhi
The number of fresh formal jobs created fell for the third straight month in October, as the quantum of new subscribers enrolling under the Employees’ Provident Fund Organisation (EPFO) that month declined by a sharp 25.9 per cent from the September levels, the latest payroll data released on Tuesday shows.

Earlier, August (9.4 per cent) and September (6.1 per cent) had also seen a month-on-month decline in the number of new subscribers.  

New Employees’ Provident Fund (EPF) subscriptions in October plunged to 727,899 from 982,526 in September. This is the lowest monthly enrollment under the social security organisation since May

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in