Employment in India
Employment in India Rises by 36% with 17 Million Jobs Added Between 2016-17 and 2022-23: Centre
During the period, the GDP had grown at an average of over 6.5 per cent.
EPFO Adds 19.29 Lakh Members in June Amid Employment Growth
Data shows that new enrollments for the month of June 2024 have taken place and stand at about 10.25 lakh. As compared to the previous month, May 2024, it added 4.08 percent of new members, while as compared to the same month last year in June 2023, it went up by 1.05 percent.
EPFO Achieves Record Membership Growth of 19.5 Lakh in May Amid Rising Employment
The reasons for this increased membership have been more job opportunities, better awareness accruable benefits to employees and more importantly efficient enrolment drives by EPFO. Net new additions in May 2024 were 9.85 lakh, a growth of 10.96 per cent over April 2024 and an increase of 11.5 per cent from May 2023.
MSME Employment Surges: Exceeds 20.2 Crore, Up by 66% from Previous Year
As of now, 46.8 million MSMEs are registered under Udyam. Out of these, 46 million are micro-enterprises, which are really contributing to the bulk of employment. A micro-enterprise shall be an enterprise in which the investment in plant and machinery or equipment does not exceed one crore rupees, and the turnover does at all not exceed five crore rupees.
EPFO Welcomes 14.41 Lakh New Enrollees, 57 pc are youths
Of these, a large number of 7.47 lakh are first-time entrants to the organized workforce. Of these, as many as 56.83 percent belong to the 18-25 age bracket. Obviously, the youth are the main job seekers in the organized sector, according to official statements.
Jan-March Quarter Sees Decrease in India's Unemployment Rate
This decrease, as per the data from the Periodic Labour Force Survey (PLFS) released by the National Statistical Office (NSO) on Wednesday, indicates a sustained advancement in the job markets. Particularly noteworthy is the decrease in female unemployment rates, which decreased from 9.2% in the first quarter of 2023 to 8.5% in the corresponding period of 2024.
Startup Employment Booms in India, Offering 53% of Jobs to Fresh Talent, Reveals Report
According to a report released by talent platform foundit (previously known as Monster APAC & ME), a significant portion—approximately 53 percent—of these job openings are earmarked for fresh talents.
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