About 1.70 lakh jobs were created in Tamil Nadu’s formal sector in February 2022, according to provisional data provided by the Employees’ Provident Fund Organisation (EPFO). This is an increase of 26% from January 2022 and 13% from February 2021, respectively.
The new jobs added are measured in terms of the number of new net enrolments made with the EPFO.
Aditya Mishra, chief executive of recruitment firm CIEL HR Services, pointed out that Tamil Nadu had done well in picking up the pace of employment creation (26% over the previous month) vis-à-vis the national average of 2% growth. “The manufacturing industry, electronic manufacturing and the services sector have created new jobs at a pace much higher than that of other segments,” he said.
