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21-Sep2018

India creates over 9.5 lakh new jobs in July 2018: EPFO

In a positive surprise, the Retirement fund body, Employment Provident Fund Organisation (EPFO) in its latest 'Net Payroll Data' report has showed that India created 9.51 lakh new jobs in the month of July 2018. As per the report, total 9,51,423 new payrolls were created during July 2018 as against 8,57,934 created in the previous month, registering a growth of 10.90%.

The report found that the maximum jobs were created in the age bracket of 18-21 and in this bracket the top 10 sectors which have created more fresh jobs include Expert Services, Electric-Mechanical-or General Engineering Products, Trading, Building & Construction Industry, Engineer Contractors, Textiles, Garments making, establishment engaged in Manufacturing, establishment engaged in Cleaning Business and Hospitals. In the similar age bracket, Maharashtra was the first among the States to create maximum payroll, followed by Tamil Nadu, Gujarat, Karnataka, Haryana and Delhi.

According to the data report, 7,938 new jobs were created in less than 18 age group category, while 2,68,011 jobs in 18-21 age group category. Further, 22-25 age, 26-28 age, 29-35 age and more than 35 age group category witnessed 2,54,827; 1,11,864; 1,56,378  and 1,52,405 new payrolls respectively in July 2018.


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