EPFO sees over 1 million new subscribers for fourth straight month

Though fresh additions slip sequentially in July, women enrolment at a record high

A million-plus people joined the formal workforce for the fourth consecutive month in July, according to the latest payroll data released by the Employees’ Provident Fund Organisation (EPFO) on Tuesday.

New EPF subscribers in July, however, declined sequentially by 4.5 per cent to 10,58,397. Still, women's enrolment in the workforce was recorded at 291,524 or 27.54 per cent of total new subscribers -- the highest in the past 12 months.

Of the new EPF subscribers added in July, 610,613 subscribers were in the 18-25 age group, down from the 626,520 subscribers in June. This is crucial as subscribers in the