ESIC job creation rises 5.8% in March, adding 1.63 million employees, almost half under 25
[ad_1] Formal employment under the Employees’ State Insurance Corporation (ESIC) surged in March, with new job creation increasing by 5.79%, reaching 1.63 million, up from 1.54 million in February, provisional payroll data released by the ministry of labour and employment on Friday said.The data also revealed a 33.9% rise in establishments joining the social security umbrella of ESIC with 31,514 new units enrolled in March. This was a sharp uptick from the previous month which recorded 23,526 joinees, as reported by ET.Youth employment remained a strong driver, with nearly half, 0.79 million or 49%, of the new registrations in March belonging to individuals aged 25 years or younger. Female participation also showed encouraging signs, with 0.36 million women registering during the month. Additionally, the ESIC recorded registrations of 100 transgender employees, highlighting the organisation’s commitment to inclusivity.However, since data generation […]