14.24 Lakh New Jobs Created In July, Up From June: ESIC Payroll Data
Employees work in an office area in Hyderabad, India. (Photographer: Dhiraj Singh/Bloomberg)  

14.24 Lakh New Jobs Created In July, Up From June: ESIC Payroll Data

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Around 14.24 lakh jobs were created in July, higher than 12.49 lakh in the previous month, according to a latest payroll data from Employees' State Insurance Corporation.

Gross enrolments of new subscribers with the ESIC were 1.49 crore during 2018-19, National Statistical Office said in a report.

Around 2.83 crore new subscribers joined the ESI scheme during September 2017 to July 2019, the report added.

The NSO report is based on the payroll data of new subscribers of various social security schemes run by the ESIC, retirement fund body Employees' Provident Fund Organisation and the Pension Fund Regulatory and Development Authority.

It has been releasing the payroll data or new subscribers data of these three bodies since April, 2018, covering a period starting from Sept. 2017.

The report showed that gross new enrolments with the ESIC during September 2017 to March 2018 were 83.34 lakh.

A net of 11.61 lakh new enrolments with the EPFO were recorded in July, as compared to 10.75 lakh in June this year.

During 2018-19, 61.12 lakh new subscribers joined the social security schemes run by the EPFO on a net basis. Similarly, the net new enrolments were 15.52 lakh during September 2017 to March 2018.

It showed that during September, 2017 to July, 2019; around 2.65 crore new subscribers joined the EPF scheme.

The report said that since the number of subscribers are from various sources, there are elements of overlap and the estimates are not additive.

The NSO said the present report gives different perspectives on the levels of employment in the formal sector and does not measure employment at a holistic level.

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