60 lakh jobs in country, only 48K in Odisha in 2019-20: EPFO
In employment generation in the formal sector, Odisha ranked at a distant 18th -20th in the league of top job creators in country
Bhubaneswar: Odisha is yet to be counted among top-10 job creators in the country. The acuteness of joblessness in the State is well evidenced by the hard numbers.
As per the net payroll data released by Employee Provident Fund Organisation (EPFO) on Thursday, when the country sees new jobs counting to a high of over 60.59 lakh till November end in fiscal 2019-20, Odisha could see new jobs totalling to mere 48,338 only, which is only 0.79 per cent of total jobs generated in 2019-20.
Similarly, during the month of November 2019, the State saw new jobs numbering around 6,801 vis-a-vis a whopping of 9.64 lakh nationally.
Why the EPFO net payroll numbers are very distressing for Odisha is the population in the age-group of 18-35 yrs is estimated at a whopping around 1.48 crore, and active job-seekers in the State are estimated at around 3.2lakh.
This statistics shows the pathetic joblessness scenario in State as when over 3.2 lakh fervently searched for jobs, the job-offer here counts to mere thousands.
For which, in employment generation in the formal sector, as per EPFO data, Odisha fails to make it into the league of top-10 job creators in the country. Odisha hovers in between 18th and 20th rank in the age-group of 18-35 years.
The watch-out factor for State is it lags behind all neighbouring states in generating new jobs for the age-group of 26-35 years. However, Odisha trudges ahead from states like Bihar, Jharkhand and Chhattisgarh for the age-group of 18-25 years.
Though jobs in Odisha seem to have bounced back in the fiscal year 2019, the State seems falling by yards in employment generation vis-a-vis the national aggregate.
Till November, the State has seen new jobs count in organised sector touching 48,338 from 41, 737 in full fiscal year 2018, reveals the EPFO data. It said a net total of 48, 338 employees in age-group of 18-35 have subscribed the EPF scheme till November end in fiscal year 2019.
What is the meaning of net new EPF subscribers? EPFO terms the net payroll numbers as the count of the number of new employees who subscribed to the EPF with non-zero contribution vis-a-vis the employees who exited from the EPF scheme.
The top-10 major new employment generators in the country are Maharashtra, Gujarat, Tamil Nadu, Karnataka, Haryana, Delhi, Andhra Pradesh, Uttar Pradesh, West Bengal and Rajasthan.
Why slower job growth in Odisha? As per EPFO data, the top job churner industries in the country are expert services, trading, manufacturing/marketing/servicing and electrical and other engineering sectors. Poor footprint of such industries in the State is the primary reason behind slower job growth in Odisha, reveals an analysis.