EPFO Payroll data shows surge in youth employment; 15.48 lakh net members added in February 2024

EPFO Adds 15.48 lakh Net Members In February 2024

Retirement fund body Employees' Provident Fund Organisation on Saturday said it added 15.48 lakh members on a net basis in February 2024. Around 7.78 lakh members enrolled for the first time with the EPFO during the month, a labour ministry statement said.According to the statement, a noticeable aspect of Employees' Provident Fund Organisation’s payroll data is the dominance of the 18-25 age group, constituting a significant 56.36% of the total …

EPFO Payroll data shows surge in youth employment; 15.48 lakh net members added in February 2024

The EPFO's provisional payroll data for February 2024 reveals a significant increase of 15.48 lakh net members, with the 18-25 age group constituting 56.36% of new additions. The data also shows a positive trend in female employment, with around 2.05 lakh new female members added during the month. The release highlights a diverse workforce, with growth seen in various industries. Overall, the data reflects a positive outlook for youth employment…