Experience Counts: Formal jobs go to 30+

The pandemic and the increasing formalisation seem to favour experienced persons. Employee Provident Fund Organisation (EPFO) data shows that the share of those over 29 in formal employment increased to 37.3% in 2022-23 (Apr-Nov) — the highest in five years — and the share of younger employees declined. Share of women in the workforce has also declined marginally. February 08, 2023 at 12:11AM