Key Points
According to the data, out of 1.39 million subscribers added to EPFO during the month, around 0.73 million new members have come under the ambit of EPFO for the first time.AgenciesAmong the newly joined members, highest enrolment is registered in the age-group of 18-21 years with 0.21 million members, followed by the addition of 0.19 million members in the 22-25 years age bracket...
Formal job creation under the Employees Provident Fund Organisation (EPFO) was a tad lower in February 2023 at 1.39 million compared to 1.41 million in February 2022, shows the labour ministry data...
As per the provisional data, released on Thursday, formal job creation fell slightly when compared month-on-month with net new employees added to the retirement fund body at 1.48 million in January...
According to the data, out of 1.39 million subscribers added to EPFO during the month, around 0.73 million new members have come under the ambit of EPFO for the first time.. Further, around 1.01million members re-joined EPFO membership which is 8.59% higher compared to last year, it said..
Gender-wise analysis of payroll data reflects that enrolment of net female members has been 0.27 million in February, 2023, of which around 0.18 million female members are the new joinees or 25.65% of the total new joinees...
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20, Oct, 23Employees in the 18-25 years age group constituted 58.36% of the total new members
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1.63 million members added to EPFO in May
21, Jul, 23The latest data also reveals that 3,673 establishments extended social security cover of EPFO to their employees during the month
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