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EPFO posted record net member addition in May at 2 million, shows data | Current Affairs | Vision IAS

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EPFO posted record net member addition in May at 2 million, shows data

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India's Formal Job Market Surge in May 2025

India experienced a significant increase in its formal job market in May 2025, according to the Employees’ Provident Fund Organisation (EPFO) payroll data.

Record Membership Increase

  • Net Member Addition: Elevated to 2.01 million in May, from 1.91 million in April 2025.
  • Significance: Highest monthly addition since data tracking began in April 2018.

New Subscriber Enrolment

  • New Employees: 0.94 million fresh employees joined in May, marking an 11% increase over April.
  • Indicator: Represents clear evidence of new formal jobs.

Youth and Women's Participation

  • Youth Segment: 59.5% of new subscribers aged 18-25, with a 14.5% month-on-month rise.
  • Women Subscribers: 0.26 million new female subscribers in May, a 7% increase from April.
  • Net Addition for Women: Total of 0.42 million, showing substantial monthly and annual growth.

Job Mobility and Retention

  • Exits and Re-entries: 1.61 million members exited and rejoined in May, transferring balances instead of withdrawing.
  • Expert Insights: Indicates growing confidence in EPFO's long-term benefits and sector organisation.

Regional and Sectoral Contributions

  • Regional Contributions: Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Haryana contributed to nearly 60% of net additions.
  • Sectoral Leaders: Professional services, particularly manpower suppliers, led job creation (44% of new jobs), followed by manufacturing and trading sectors.
  • Tags :
  • EPFO
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