More than 41 lakh new jobs were created in the country during September 2017 till April this year.
Central Statistics Office, CSO, released the employment-related statistics in the formal sector for eight months beginning from September 2017. In April this year alone, the highest ever new payrolls of over 6.8 Lakhs were recorded by the retirement fund body Employees’ Provident Fund Organisation, EPFO.
CSO brought out the first release of employment-related statistics in the formal sector in April, this year which covered the period from September 2017 to February 2018. It said, during April, the maximum new payrolls of over 1 lakh 87 thousand were recorded in the age bracket of 18 to 21 years followed by nearly 1 lakh 81 thousand payrolls in 22 to 25 years.
For each age-wise band, the estimates are net of the members enrolled and ceased during the month. It also said the estimates may include temporary employees whose contributions may not be continuous for the entire year.
The CSO, which is a wing of Ministry of Statistics and Programme Implementation, said the estimated total number of new National Pension Scheme subscribers during the period September 2017 to April 2018 is over 5 lakh 12 thousand persons.