How has the EPFO been performing in terms of new member additions, as indicated by the recent data for November
EPFO added 8.74 lakh new members in November
- The Employees' Provident Fund Organisation (EPFO) added 8.74 lakh new members in November, indicating robust growth in employment.
- This signifies an increase in formal sector jobs and more individuals joining the workforce.
- The strong new member additions reflect a positive trend in the economy, showing resilience despite challenges.
- EPFO data for November highlights a growing confidence among individuals to seek formal employment opportunities.
- The significant number of new member additions bodes well for social security measures and financial stability for workers in the formal sector.
- Overall, the EPFO's performance in terms of new member additions in November points towards a strengthening job market scenario.
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3 months ago