Over 17 Lakh New Employees Enrolled For ESIC Advantages In Dec | Economic system Information

New Delhi: The payroll information of the Staff’ State Insurance coverage Company (ESIC) launched on Friday present that as many as 17.01 lakh new staff have been added in December 2024 whereas 20,360 new institutions have been introduced below the social safety ambit of the ESI Scheme in the course of the month, guaranteeing social safety to extra employees. 

Out of the full 17.01 lakh staff added in the course of the month, 8.22 lakh staff amounting to round 48.35 per cent of the full registrations belong to the age group of as much as 25 years which represent new registrations for these into their first jobs, the Ministry of Labour and Employment mentioned.

Additionally, the gender-wise evaluation of the payroll information signifies that the online enrolment of feminine members has been 3.46 lakh in December. In addition to, a complete of 73 transgender staff have additionally received registered below the ESI Scheme in the course of the month.

The ESIC payroll information comes shut on heels of the figures launched by the Ministry of Statistics earlier this week which present that Labour Power Participation Charge (LFPR) in India’s city areas amongst individuals of age 15 years and above has risen to 50.4 per cent in quarter October-December 2024 from 49.9 per cent in the identical quarter of the earlier yr. This displays a rise in employment within the nation.

LFPR for males of age 15 years and above in city areas elevated to 75.4 per cent throughout October-December 2024 from 74.1 per cent throughout the identical quarter in 2023, reflecting total rising development in male LFPR. LFPR amongst females of age 15 years and above for city areas elevated to 25.2 per cent in the course of the quarter from 25 per cent in the identical interval of the previous yr.

The Employee Inhabitants Ratio (WPR), which is one other indicator of employment, additionally went up in city areas amongst folks of age 15 years to 47.2 per cent in October-December 2024 from the 46.6 interval in the identical quarter of 2023.

WPR for males of age 15 years and above for city areas elevated to 70.9 per cent in the course of the quarter from 69.8 per cent in the identical interval of the earlier yr, reflecting an total rising development in male WPR.

The figures additionally present that the unemployment fee in city areas amongst folks of age 15 years and above decreased from 6.5 per cent throughout October-December 2023 to six.4 per cent throughout October-December 2024.