ESIS-linked jobs data put new jobs in December 2019 at 1.267 million
27 Feb 2020
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The number of new employees in the country in December 2019 stood lower at 1.267 million against the 1.459 million in November while gross enrolments of new subscribers with ESIC stood at 14.9 million during FY18-19, a National Statistical Office (NSO) report said.
The total number of new employees based on the number of new subscribers entering the ESIC scheme during the period September 2017 to December 2019 stood at 35 million as per the report.
The NSO's report is based on the payroll data of new subscribers of various social security schemes run by ESIC, retirement fund body EPFO and the Pension Fund Regulatory and Development Authority (PFRDA).
It has been releasing the payroll data or new subscriber data of these three bodies since April 2018, covering a period starting from September 2017.
The report showed that gross new enrolments with the ESIC during the September 2017-March 2018 period were 8.335 million.
A net of 1.008 million new enrolment data with the Employees' Provident Fund Organisation (EPFO) showed a net addition of 1.008 million employees in December 2019, compared with 1.009 million in November.
In 2018-19, 61.12 lakh new subscribers on a net basis joined the social security schemes run by EPFO. Similarly, the net new enrolments were 1.552 million during September 2017-March 2018.
The latest data showed that during September 2017-December 2019, around 31.2 million new subscribers joined the Employees' Provident Fund Scheme.
The report said that since the number of subscribers is from various sources, there are possibilities of overlap and the estimates are not additive.
The NSO said the report gives different perspectives on the levels of employment in the formal sector and does not measure employment at a holistic level.
