Job creation trebles to 8.61 lakh in February: EPFO payroll data

The data showed that 80.86 lakh new jobs were created in the 18 months period from September 2017 to February 2019

Net employment generation in the formal sector almost trebled to 8.61 lakh in February compared to 2.87 lakh in the same month of last year, according to the latest EPFO payroll data.
 

The retirement fund body Employees' Provident Fund Organisation has been releasing payroll data from April 2018, covering the period starting September 2017.
 

According to the latest data, the highest job creation was recorded in January 2019 at 8.94 lakh against the provisional estimate of 8.96 lakh released last month.
 

During February 2019, the highest number of 2.36 lakh jobs were created in the 22-25 years age group, followed