As many as 14,05,171 jobs were created in Tamil Nadu’s formal sector in Financial Year (FY) 2022-23, up by about 9.4% from 12,84,986 jobs in FY 2021-22.
Job creation is measured in the number of new net enrolments made with the Employees Provident Fund Organisation (EPFO). EPFO released the provisional payroll data for the month of March and Financial Year 2022-23 on May 20. In Tamil Nadu, the maximum addition was seen in the age group of 18-21, where 3,76,872 jobs were created in 2022-23. In the 22-25 age group, 3,6,8981 jobs were added in 2022-23, followed by 2,44,891 jobs in the more than 35 age bracket.
In the age group of 29-35, 2,35,006 jobs were added, followed by 1,63,658 jobs in the 26-28 age bracket, the data showed. The less than 18 years age group saw an addition of 15,763 jobs in 2022-23. At the national level, around 1.39 crore net members have been added by the EPFO in 2022-23, which is an increase of 13.22% from 1.22 crore net members in 2021-22.
