1.74 lakh jobs added in Tamil Nadu’s formal sector in August 2021

This is an increase of 6.1% from July 2021; data based on new enrolments made with EPFO

Updated - October 22, 2021 11:04 am IST

Published - October 21, 2021 02:57 pm IST - CHENNAI

Photograph used for representational purposes

Photograph used for representational purposes

About 1.74 lakh new jobs were created in Tamil Nadu’s formal sector in August 2021, according to provisional data provided by the Employees Provident Fund Organisation (EPFO). This is an an increase of 6.1% from about 1.64 lakh jobs in July 2021, as per the data.

The new jobs added are measured in terms of the number of new net enrolments made with EPFO.

In April 2021, the number of new jobs created was about 1 lakh and it dropped to 33,421 in May 2021 amid the second wave of the COVID-19 pandemic. The situation improved in June 2021, with 65,968 jobs added in the formal sector.

“Tamil Nadu remains among the top 3 states in India adding new subscribers in the EPFO. We are seeing a re-start of economic activities in the “services industry” and an enrolment of new employees in the sector,” Aditya Mishra, chief executive of recruitment firm, CIEL HR Service,s said.The manufacturing, engineering and construction sectors have seen a lot of churn in manpower. “We are seeing new people join organisations in these sectors too,” he added.

Mr. Mishra also pointed out that with the positive momentum of digitisation, the IT industry has expanded rapidly. The IT services and business process management industries have been adding people quickly, and so are companies in the FinTech, EdTech, Healthtech spaces, he added.

Tamil Nadu, as expected, has performed much better than the other southern states as per the payroll data from EPFO, said K.E. Raghunathan, former national president of the All India Manufacturers Organisation and Central Board of Trustees (CBT) member of EPFO, representing employers. He attributed it to the good COVID-19 vaccination drive and improved industrial activity in services, export and manufacturing sectors.

The festival season pick up in demand, backlog order execution, the employees shift from the informal to formal sector are the other possible reasons for improved job numbers, Mr. Raghunathan, said.

Political stability and a visible thrust on industrial growth has attracted employers to expand their workforce to get prepared, he added.

According to the Union government, payroll data is provisional since the data generation is a continuous exercise, as updation of employee records is a continuous process and previous data hence gets updated every month.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.