Are jobs being miscounted
It says EPFO has begun counting people quitting their previous jobs and joining a new one as an addition to the net payroll.
Between September 2017 and July 2018, 6.2 million people were added to the payroll. Out of this, 1.5 million people, about 24 per cent of the net payroll count, were those who exited their EPF subscription to rejoin it later, with a new job.
This situation can arise in two scenarios — when a formal sector worker joins a new organisation or when a worker leaves the job to start her own business or pursue studies but decides to rejoin a firm covered under the EPFO’s fold.
Hope their is more to the story than reported in news and EPFO will explain. Silence from EPFO means jobs numbers are being miscounted (manipulated) more