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

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…

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 …