The Retirement fund body, Employment Provident Fund Organisation (EPFO) in its latest ‘Net Payroll Data’ report has showed that India created 827231 new jobs in the month of October 2018. The job creation slowed down from 875884 (revised) in September.
As per the report, the maximum jobs were created in in the age bracket of 22-25 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, Financing Establishment, Hospitals, Heavy - Fine Chemicals and Banks Other Than Nationalised Banks. In the similar age bracket, Maharashtra was the first among the States to create maximum payroll, followed by Karnataka, Gujarat, Tamil Nadu and Delhi.
According to the data report, 5525 new jobs were created in less than 18 age group category, while 222988 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 232877, 102963, 136226 and 126652 new payrolls respectively in October 2018.