EPFO’s report regarding employment filled the youth with enthusiasm. Enthusiasm because 18 lakh people have got employment in a month. The report of Employees Provident Fund Organization (EPFO) says that 18.81 lakh members have been added in the month of September. This is 9.33 percent more than the same month last year. This shows that jobs have increased in the organized sector. According to EPFO’s payroll data, the Employees’ Provident Fund Organization added 9.47 lakh new members in September 2024. This is 6.22 percent more than September 2023.
60 percent participation of youth in this list
It said that the increase in new membership can be attributed to increasing employment opportunities, increasing awareness about employee benefits and promotional programs of EPFO. According to the statement, EPFO has released provisional payroll data for September 2024. Under this, a net of 18.81 lakh members are connected to its social security scheme. This is 9.33 percent more than September 2023. According to statistics, among the net added members, people in the age group of 18-25 are more. Their share in the total new members added in September 2024 is 59.95 percent.
The number of people getting jobs for the first time also increased
It said that for September 2024, 8.36 lakh members were added in the age group of 18-25. This is 9.14 percent more than the figures for September 2023. This is in line with the earlier trend. This indicates that the majority of individuals joining the organized workforce are youth. Mainly these are the people who have got job for the first time.
According to the data, around 14.10 lakh members exited and later rejoined EPFO. This figure is 18.19 percent more on annual basis. On male-female basis, about 2.47 lakh women were added as new members during the month under review. This is 9.11 percent more on annual basis. The number of pure women members increased by about 12 percent to about 3.70 lakh. State-wise analysis of the payroll data shows that the net member growth during the month in the top five states/UTs is about 59.86 per cent or 11.26 lakh.
People of this state got more opportunities
Maharashtra remained on top among all the states. It added 21.20 percent net members in the month of September. The states/UTs of Maharashtra, Karnataka, Tamil Nadu, Delhi, Haryana, Gujarat, Uttar Pradesh and Telangana individually added more than five per cent of the net members during the month.
