On the rise: EPFO monthly payroll count jumps 43% in just a month

EPFO says the data is raw and though it is indicative of jobs to some extent, it does not give a clear explanation on creation of livelihoods

Monthly payroll count published by the Employees’ Provident Fund Organisation (EPFO) showed a 43 per cent rise in April, with a net addition of 685,841 employees, compared to one of 480,749 in March. 

The highest percentage rise was in the age brackets above 26 years of age. Additions in younger age brackets are associated with new jobs, while those in older ones with change of jobs or formalisation of companies, experts said. 

While they are divided over the possible reasons behind a sudden surge in April, the EPFO says the data is raw and though it is indicative of jobs to some