Net formal jobs under EPFO down to five-month low of 1.34 million in October

Net formal job creation under EPFO fell to a five-month low of 1.34 million in October, marking an 11.8% dip compared to the previous year. The decline persists despite the festive season, highlighting a 28.7% month-on-month decrease. Young first-time job seekers form 40.5% of the new additions.