The number of fresh formal jobs generated in a month increased to a seven-month high in April, signalling a recovery in the formal labour market in the country, according to the latest monthly payroll data released by the Employees’ Provident Fund Organisation (EPFO) on Thursday. In April, the number of new monthly subscribers under the Employees’ Provident Fund (EPF) sequentially increased by 18.77 per cent to 887,438 from 747,146 in March.
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