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  • September 27, 2019

ESIC Payroll Data: 14.24 Lakh New Jobs Created in July

According to the latest payroll data from Employees' State Insurance Corporation (ESIC) about 14.24 lakh jobs were created in July, which were higher than 12.49 lakh in June of this year.

Gross enrolments of new subscribers with the ESIC were 1.49 crore during 2018-19, according to a report by the National Statistical Office (NSO). However, from September 2017 to July 2019, around 2.83 crore new subscribers joined the ESI scheme.

The NSO report is founded on the payroll data of new subscribers of many social security schemes run by the ESIC, Employees' Provident Fund Organisation (EPFO) and the Pension Fund Regulatory and Development Authority (PFRDA). It has been publishing the payroll data or new subscriber’s data of these 3 organisations since April 2018, that covers the period starting from September 2017.

The statement also revealed that gross new registrations 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 logged in July, as compared to 10.75 lakh in June this year.

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