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867,964 people joined formal workforce in November, shows payroll data
Jan. 23, 2020

At least 867,964 new people joined the formal workforce in November 2019, an improvement from the month before, the government payroll data released Tuesday claimed.

The number was better than October when 686,158 people joined the formal work but less than any other months in the current financial year.

As per payroll data extrapolated from the number of new subscribers in Employees Provident fund Organization (EPFO), while in September the numbers of new payroll addition were 906,689, in August it was 978,883. In July it was 1.2 million, and in June it was 1.18 million, in May it was 1.01 million and in April it stood at 1.06 million.

In November, of the total new payroll additions, some 462,550 were in the 18-25 age group, almost 100,000 more than whet was reported in October. The 18-25 age group assumes importance as they are generally considered as the fresh job seekers in the labour market.

Of the total EPFO payroll additions in November 2019, while 246,348 are people are in the 26-35 age group, 151,907 are above 35 years of age. To be sure, payroll data of most recent months may get slightly revised due to data collection and tabulation delays in some sectors.