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Ministry of Labour & Employment
Employment Situation Improves
15.41 lakh net subscribers added during September
2021 in EPFO
Posted On: 09 DEC 2021 2:12PM by PIB Delhi
LFPR (Labour Force Participation Rate), WPR (Worker Population Ratio) and UR (Unemployment Rate) are
the indicators reveal that the employment scenario has improved significantly over the years (as per PLFS
data).
In the year 2019-20, Labour Force Participation Rate for persons aged 15 years and above, rose significantly
to 53.5 % as compared to 49.8 % in 2017-18 and 50.2% in 2018-19 indicating a positive aspect of a greater
number of peoples are entering in the labour force (employed + unemployed) of the nation.
Unemployment Rate has declined to 4.8% as compared to 6.0% in 2017-18 and 5.8% in 2018-19 indicating
that the number of unemployed persons has reduced considerably.
The data further showed that the WPR has also increased to 50.9 % from that of 46.8 % in 2017-18 and 47.3%
in 2018-19, indicating more persons of age 15 years and above are now employed as compared to preceding
years.
Provisional payroll data of EPFO published on 20th June, 2021, highlights that despite Covid-19 pandemic,
cumulative net addition of subscribers for FY 20-2021 i.e., 77.08 lakh is almost at par with last year viz.
2019-20 (78.58 lakh). It is observed that there is addition in net payroll in each month of 2020-21 except for
the month of April and May 2020.
It is pertinent to mention here that most of the economic activities during the month of April and May 2020
were at the halt due to lockdown measures put in place in these months. With the unlocking of economic
activities in phased manner w.e.f June 2020, addition can be seen in the net payroll data in the subsequent
months. As, per the provisional payroll data of EPFO published on 20 November, 2021, EPFO has added
around 15.41 lakh net subscribers during the month of September 2021.
Employees’ Provident Fund Organization (EPFO) is a mandatory saving scheme under the Employees’
Provident Fund and Miscellaneous Provisions Act, 1952, covering every establishment in which 20 or more
persons are employed subject to certain conditions and exemptions as provided for in the Act. The number of
members subscribing to this scheme gives an idea of the level ofemployment in the formal sector as the
subscribers get certain entitlements as provided for in the Act..
Net payroll (EPFO)
Year/month
Male
Female
Total
2018-19
48,83,757
13,05,172
61,12,223
2019-20
62,73,841
15,93,614
78,58,394
2020-21
63,13,635
13,98,080
77,08,375
April 2021
6,13,384
1,93,803
8,06,765
May 2021
4,31,423
1,30,976
5,62,216
June 2021
7,85,524
1,86,039
9,71,244
July 2021
9,81,733
2,49,319
12,30,696
August 2021
10,93,575
2,66,834
13,60,122
September 2021
12,14,786
3,26,825
15,41,396
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HRK
(Release ID: 1779665)
