Formal job creation under ESIC down by 7.8% in April to 1.64 million as compared to 1.78 million in April 2023

The provisional payroll data, released by the ministry of labour and employment shows that out of the total 1.64 million employees added during the month, 0.78 million employees or 47.6% of the total employees added to ESIC were up to 25 years of age, suggesting more jobs have been generated for the youth of the nation.