Chennai, May 22 (KNN) Tamil Nadu’s formal sector has generated 14,05,171 jobs in financial year 2022-23 as per the new net enrolments made with the Employees Provident Fund Organisation (EPFO).

The increase is about 9.4 per cent from 12,84,986 jobs in FY22.

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.

About 2,35,006 Jobs were added in the age group of 29-35, 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 per cent from 1.22 crore net members in 2021-22.

Segments such as manufacturing, electronics and real estate had done well in the State. 

In March, the top five States for net member addition were Maharashtra, Tamil Nadu, Karnataka, Haryana and Gujarat.  (KNN Bureau)