-Livemint.com While 10.7 million additional employees joined EPFO between September 2017 and June 2018, at least 6.04 million stopped subscribing to it: Government New Delhi: At least six million people, about 4.6 million of them under 35 years of age, left their formal jobs in the 10 months ending June and may or may not have rejoined work, according to payroll data released by the government on Friday. This is the first time...
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EPFO revises down payroll numbers by 12% for September-May period -Somesh Jha
-Business Standard The payroll data has been revised downwards for each of the nine months between September 2017 and May this year New Delhi: The net enrolment numbers released by the Employees’ Provident Fund Organisation (EPFO) has been revised down by 12.4 per cent for the September-May period, from an earlier estimate of 4.5 million to 3.9 million. The payroll count in June rose by 24 per cent to 793,308. The net enrolment...
More »Solving the mystery of missing employment data in the Indian economy -Himanshu
-Livemint.com The prime minister is partly right in the sense that the most authoritative data on employment-unemployment from the periodic NSSO were not available after 2011-12 In an interview given to Swarajya magazine earlier this month, Prime Minister Narendra Modi lamented the lack of data on jobs in the country. This was in response to a question on why the economy is not creating jobs. The prime minister is partly right...
More »Govt's flip-flop on jobs data continues, impacts credibility -Prashant K Nanda
-Livemint.com The ministry of statistics claims that the payroll data for the most recent months are provisional and again, data for every month is being revised New Delhi: The government’s latest payroll data sourced from the Employees’ Provident Fund Organisation (EPFO) points towards the fact that earlier growth numbers may have been exaggerated. In April, when the centre first released the jobs data, it said that between September 2017 and February 2018, India...
More »The Numbers Hide The Story -Lola Nayar
-Outlook Social security enrolment of workers is not a good measure of how many new jobs are created Employment data has always been a subject of debate in India, more so now that the surge in social security enrolments is being cited as evidence to press home that 41.26 lakh new jobs were created between September 2017 and April this year. The Central Statistics Office data earlier this month raises more questions...
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