The Employees’ Provident Fund Organisation (EPFO) said there were 14.63 lakh new members in November 2024. This is a rise of 9.07% from October. Compared to November 2023, we see a 4.88% growth this year. This is due to more jobs and better knowledge of employee help.
Big gain in new members
In November 2024, EPFO signed up about 8.74 lakh fresh members. This is a jump of 16.58% from October 2024. Compared to last year, November 2023, this shows an 18.8% rise. This growth shows that EPFO is working hard to reach more people and raise awareness of employee help.
Young workers lead the way
Most of the new sign-ups, 54.97%, are from the 18–25 age group. About 4.81 lakh joined in November 2024. This is a 9.56% gain from October 2024 and a 13.99% gain from November 2023. The data shows around 5.86 lakh new jobs for this age group, with a growth of 7.96% from last month. These numbers show that many new members are young job seekers.
Women join the workforce
In November 2024, around 2.40 lakh new women members joined EPFO, up 14.94% from October. Compared to last year, this shows a growth of 23.62%. The net new female members were 3.13 lakh, which is a rise of 12.16% from October 2024 and 11.75% from November 2023. This trend shows good steps toward a fair and varied workforce.
Members coming back to EPFO
Around 14.39 lakh members left and came back to EPFO in November 2024. This is an 11.47% gain from October and a 34.75% rise from last year. These members chose to move their provident fund money instead of taking it out, which helps keep their finances safe for the long run.
State-by-state contributions
The top five states gave 59.42% of the new members in November, adding about 8.69 lakh. Maharashtra was the top with 20.86% of the new members, with Karnataka, Tamil Nadu, Haryana, Gujarat, Delhi, Telangana, and Uttar Pradesh each giving over 5%.
Trends by industry
There was big growth in fields like clubs, textiles, clothes, engineering, and contractors. Notably, 38.98% of the new members came from skilled services like labour supply, security, and general contracting.
Data keeps changing
EPFO said that the payroll data is not final as they keep updating employee records. These numbers show a lively and shifting workforce, with more and more people joining from different fields and groups.
