Local restrictions due to second Covid wave across India hit formal job creation in May

Local restrictions due to second Covid wave across India hit formal job creation in May

The payroll data by the ministry of statistics and programme implementation, released on Friday, shows net new additions under the EPFO stood at 0.9 million in May compared to 1.1 million in April, a decline of 16.3%. Even companies remitting ECR in the month declined and stood at 3038 compared to 4083 in April.

source https://economictimes.indiatimes.com/jobs/local-restrictions-due-to-second-covid-wave-across-india-hit-formal-job-creation-in-may/articleshow/84671782.cms

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