HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
India creates 5.73 lakh new jobs in March 2020: EPFO
May-21-2020
The Retirement fund body, Employees' Provident Fund Organisation (EPFO) in its latest ‘Provisional Estimate of Net Payroll’ data report has showed that India created 572924 new jobs in the month of March 2020 as against revised figure of 1021697 in February 2020.

As per the report, the maximum jobs were created in the age bracket of 22-25 and in this bracket the top sectors which have created more fresh jobs include Expert Services, Trading - Commercial Establishments, Establishments engaged in Manufacturing- Marketing Servicing & Usage of Computers, Electric-Mechanical-or General Engineering Products, Engineers- Engineering Contractors, Building & Construction Industry, Financing Establishment, Hospitals and Heavy - Fine Chemicals. In the similar age bracket, Maharashtra was the first among the States to create maximum payroll, followed by Karnataka, Gujarat, Tamil Nadu, Delhi and Telangana.

According to the data report, 4357 new jobs were created in less than 18 age group category, while 142739 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 168667, 75924, 97828 and 83409 new payrolls, respectively in March 2020.

  RELATED NEWS >>