New Delhi: A good news is coming from the employment generation sectors though too little to be called a relief. According to payroll data released by EPFO claims employment generation has more than doubled to 973,000 in September, the highest monthly addition since September 2017, compared to 411,000 in the same month last year. The EPFO manages social security funds of workers in the organised/semi organised sector in India. Around 7.94 million new subscribers were added to the social security schemes of the Employees’ Provident Fund Organisation (EPFO) from September 2017 to September 2018, the data showed. This indicates that these many jobs were created in the last 13 months.
Lowest in March, Highest in September
The lowest amount of job creation shows in March as only 236,000 subscribers were added to the EPFO scheme in this month. The EPFO said in its statement that the data is provisional as updation of employees records is a continuous process and gets updated in subsequent month/s.
“The estimates may include temporary employees whose contributions may not be continuous for the entire year. Members’ data are linked to unique Aadhaar Identity”
This is age-band wise data of new members registered under the EPFO where the first non-zero contribution received during particular month. For each age-wise band, the estimates are net of the members newly enrolled, exited and rejoined during the month as per records of the EPFO, it added.
The report also said “The estimates may include temporary employees whose contributions may not be continuous for the entire year. Members’ data are linked to unique Aadhaar Identity”. Present government has often been on target of opposition for failing on the promise of job creation. The bigger question remains here, isn’t the data released by EPFO too little and too late for convincing people?