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India creates 10.86 lakh new jobs in August: EPFO

22 Oct 2019 Evaluate

The Retirement fund body, Employment Provident Fund Organisation (EPFO) in its latest ‘Provisional Estimate of Net Payroll’ data report has showed that India created 10,86,113 new jobs in the month of August 2019 as against revised figure of 11,71,793 in July 2019.

As per the report, the maximum jobs were created in the age bracket of 22-25 and in this bracket the top sectors which have created more fresh jobs include Expert Services, Trading - Commercial Establishments, Establishments engaged in Manufacturing- Marketing Servicing & Usage of Computers, Engineers- Engineering Contractors, Electric-Mechanical-or General Engineering Products, Building & Construction Industry, Financing Establishment, Hospitals and Heavy - Fine Chemicals. In the similar age bracket, Maharashtra was the first among the States to create maximum payroll, followed by Karnataka, Gujarat, Tamil Nadu, Delhi and Telangana.

According to the data report, 7704 new jobs were created in less than 18 age group category, while 283243 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 293496, 135139, 189487 and 177044 new payrolls, respectively in August 2019.