11.38 lakh jobs created in March in formal sector, shows ESIC data

Gross employment generation in the formal sector rose to 11.38 lakh in March from 11.02 lakh in February, according to official data.

As per ESIC's latest payroll data, around 1.48 crore jobs were generated in 2018-19 financial year.

The Employees' State Insurance Corporation (ESIC) did not provide gross new enrolments for March 2018.

Total gross new enrolments were at 88.30 lakh during the seven-month period from September 2017 to March 2018. ESIC has been releasing payroll data from April 2018, covering the period starting from September 2017.

The Central Statistics Office Friday released payroll or new enrolment data of ESIC, retirement fund body EPFO and Pension Fund Regulatory and Development Authority together.

The CSO is releasing the data of these three bodies since April 2018 covering the period from September 2017.

The Employees' Provident Fund Organisation (EPFO) payroll data showed that net enrolments rose to 8.14 lakh in March against 7.88 lakh in February this ...