Formal job creation up 3% under ESIC at 1.78 million in October: Payroll data

India added 1.78 million formal jobs under ESIC in October 2024. This shows a 3 per cent rise from October 2023. However, it is a 13.2 per cent dip from September 2024. Nearly half of the new jobs went to people aged 25 or younger. Over 21,000 new establishments registered under the ESI scheme in October. The scheme offers medical, unemployment, and maternity benefits.

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