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Formal job creation surged in December 2021, shows new payroll data

The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, the Employees' Provident Fund Organisation (EPFO) and Pension Fund Regulatory and Development Authority (PFRDA). It has been releasing such data of these bodies since April 2018, covering the period starting from September 2017

Source | | Yogima Seth Sharma

Formal job creation surged in December 2021 with net new employees and subscribers added to the Employees Provident Fund Organisation, the Employees State Insurance Corporation and the National Pension Scheme, suggesting an uptick in the Indian labour market. This is contrary to November when the ESIC and NPS had witnessed a decline.

The payroll data by the ministry of statistics and programme implementation,

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