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India creates 8.95 lakh new jobs in August 2018: EPFO
Oct-22-2018

The Retirement fund body, Employment Provident Fund Organisation (EPFO) in its latest ‘Net Payroll Data’ report has showed that India created 8.95 lakh new jobs in the month of August 2018. However, job creation slowed down by 8.39% to stand at 8,94,769 in August month as against the revised figure of 9,76,675 in July month.

As per the report, the maximum jobs were created in the age bracket of 18-21 and in this bracket the top 10 sectors which have created more fresh jobs include Expert Services, Trading - Commercial Establishments, Electric-Mechanical-or General Engineering Products, Building & Construction Industry, Engineers- Engineering Contractors, establishments engaged in Manufacturing- Marketing Servicing- Usage of Computers, Textiles, Garments making, establishment engaged in Cleaning and Sweeping Services and Hospitals. In the similar age bracket, Maharashtra was the first among the States to create maximum payroll, followed by Tamil Nadu, Karnataka, Gujarat, and Haryana.

According to the data report, 6754 new jobs were created in less than 18 age group category, while 251034 jobs in 18-21 age group category. Further, 22-25 age, 26-28 age, 29-35 age and more than 35 age group category witnessed 248789, 105048, 143287 and 139857 new payrolls, respectively in August 2018.


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