The Retirement fund body, Employment Provident Fund Organisation (EPFO) in its latest ‘Net Payroll Data’ has showed that India reported over 2 fold jump at 9.73 lakh new job creations in the month of September 2018 as compared to 4.11 lakh jobs in the corresponding month last year. The data also showed that around 79.48 lakh new subscribers were added to social security schemes of the EPFO from September 2017 to September 2018. This indicates that these many jobs were created in the last 13 months.
As per the report, 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, Trading - Commercial Establishments, Electric-Mechanical-or General Engineering Products, Building & Construction Industry, Engineers- Engineering Contractors, establishments engaged in Manufacturing- Marketing Servicing- Usage of Computers, Textiles, Garments making, establishment engaged in Cleaning and Sweeping Services and Hospitals. In the similar age bracket, Maharashtra was the first among the States to create maximum payroll, followed by Tamil Nadu, Karnataka, Gujarat, and Haryana.
According to the data report, 7139 new jobs were created in less than 18 age group category, while 269491 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 267562, 121240, 160666 and 147676 new payrolls, respectively in September 2018.