3.11 million jobs added in 6 months, first EPFO payroll count shows

The Union government’s first-ever estimate of payroll count based on Employees’ Provident Fund Organisation (EPFO) subscription database showed that 3.11 million jobs were added in the formal economy in six months, even as there was a fall of 22 per cent in incremental employment in February 2018, compared to January to a four-month low of 472,075 persons. 

The payroll count is essentially the difference between the number of workers who joined and exited from the EPFO’s fold and as such is the net addition to jobs.

The provisional figures released by the EPFO for six months showed 3.11 million workers joined the