EPFO report on employment, seeing that youth will get excited. They say this because 18 lakh people got jobs in just one month. It is not us but the Employees Provident Fund Organization (EPFO) report that says this. Actually, 18.81 lakh members were added in the month of September alone. This is 9.33 percent more than last year. These figures clearly show that jobs have increased in the organized sector.
Total payroll data 8.36 lakh
The special thing is that the majority of the 59.95 percent of new members who joined in September 2024 are between 18 and 25 years old. The total payroll data of people aged 18 to 25 in September 2024 is 8.36 lakh, 9.14 percent more than the data of September 2023. In line with past trends, the majority of people They join the organized labor force are young and seeking employment for the first time.
Around 14.10 lakh members left EPFO
According to payroll data, around 14.10 lakh members who left the Provident Fund Organization have rejoined it. This is 18.19 percent more than September 2023. These members rejoined EPFO-covered establishments after changing jobs and opted to transfer their accrual instead of seeking settlement of the final amount. They maintained long-term financial gains and their social security.
Around 2.47 lakh female employees
If we talk about gender, among the newly added members of EPFO in September 2024, there are around 2.47 lakh female employees. This shows an increase of 9.11 percent compared to September 2023. What is special is that during this period, around 3.70 lakh female employees joined the organization, which is an increase of 12.11 percent. compared to September 2023.
Maharashtra ranks first
What is special is that the total number of members in five states/union territories has increased by approximately 59.86 per cent and around 11.26 lakh members have joined. Among them, Maharashtra ranks first. At the same time, in Karnataka, Tamil Nadu, Delhi, Haryana, Gujarat, Uttar Pradesh and Telangana, more than five per cent members have personally joined the organization during this period.
