private payroll data

Contrary to widespread fears, Apollo Global Management's chief economist Torsten Sløk finds no evidence of AI-driven job losses. Instead, he highlights a surge in demand for AI specialists and a boom in data center construction, creating new employment opportunities and boosting related industries.

US private payrolls increased more than expected in September as Covid-19 infections started subsiding, boosting hiring at restaurants and other high-contact businesses.

The provisional payroll data of the Employees' Provident Fund Organisation (EPFO) released on Thursday highlighted that of the total 16.94 lakh members added during August 2022, around 9.87 lakh have come under the ambit of the EPFO for the first time. Out of the 9.87 lakh new members added, approximately 58.32 per cent are from the age-group of 18-25 years.

Retirement fund body EPFO added 16.82 lakh new subscribers in May 2022, nearly 83 per cent more than 9.2 lakh enrolled in the year-ago month, according to official data.

Retirement fund body EPFO added 18.23 lakh new subscribers in July 2022, registering a 24.48 per cent rise as compared to the year-ago period, according to official data. Out of 10.58 lakh members added for the first time, approximately 57.69 per cent are in the age group of 18-25 years.

Oman is ensuring workers can celebrate Eid Al Fitr without financial stress. Government employees will receive March salaries by March 17, 2026, following strict payroll deadlines. Private sector firms are also directed to disburse March wages by March 18, 2026, to help families prepare for the festive occasion.

Net job creation in the economy fell by 16.9 lakh in FY21 over the previous fiscal, shows an SBI Research analysis of EPFO payroll data.However, the FY21 numbers are better than the FY20 net job creation, which had declined by 28.9 lakh, further cementing the view that the economy is not creating new employment opportunities.

Out of the total 17.08 lakh subscribers added during the month of April, around 9.23 lakh new members have come under the social security cover of EPF and MP Act, 1952, for the first time.

The provisional payroll data of the Employees Provident Fund Organisation (EPFO) released on Wednesday showed that the retirement fund body added around 14.81 lakh net subscribers in August, reflecting a growing trend in net payroll for the first five months of this financial year.

In an unusual case of financial crime, an employee of a private recruitment company allegedly worked out an innovative plan to fraudulently put his unemployed wife on the payroll and ensured that regular salary was paid to her for more than 10 years, causing a loss of crores to the firm.

European stocks opened higher on Thursday, following a decrease in oil prices and softer US labor data. Asian shares also rebounded from 11-month lows, while China's mainland markets remained closed for holidays. The recent rise in US yields paused after a cooler-than-expected US private payrolls report and a drop in oil prices. Traders are now looking to US jobs data to determine if the bond sell-off will continue. The US dollar index decreased slightly, while oil prices remained steady and gold saw a slight decrease.

Retirement fund body EPFO added 18.36 lakh new subscribers in June 2022, registering 43 per cent rise as compared to the year-ago period, according to an official data. The Employees' Provident Fund Organisation (EPFO) had added 12.83 lakh net new subscribers in June 2021, the data showed.

The economic slowdown may take a toll on job creation, with around 74 lakh new additions to the payroll during the current financial year, compared to nearly 90 lakh in 2018-19, an analysis by State Bank of India showed. The estimated 17.6% decline in fresh jobs is based on an analysis of data from the Employees’ Provident Fund Organisation.

Out of the total 14.12 lakh subscribers added during the month, around 8.41 lakh new members have been enrolled under the social security cover of the Employees' Provident Fund & Miscellaneous Provisions Act, 1952 for the first time.

Oil prices hit a five-month peak above $56 on Wednesday as traders welcomed economic data from the US that undershot analysts' forecasts.

US companies added 145,000 jobs in March, less than predicted, according to the March ADP National Employment Report produced by the ADP Research Institute in collaboration with Stanford Digital Economy Lab. The report showed annual pay up 6.9% year over year. Hiring increased the most in leisure and hospitality, followed by trade and transportation, and construction.

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week as demand for labor remained strong, helping to underpin the economy amid rising interest rates and tightening financial conditions.