Formal job creation jumps 24.5% to 1.82 million in July

The provisional payroll data of EPFO, released on Tuesday, however shows miniscule change in month-on-month jobs creation with July numbers nearly the same as June. EPFO had created 1.83 million formal jobs in June 2022, 1.68 million in May 2022 and 1.53 million in April.