Employment generation in the formal sector hit a 16-month high of 7.16 lakh in December 2018, according to the EPFO payroll data. During the period, 2.17 lakh jobs were created in the 18-21 years age group followed by 2.03 lakh in 22-25 years age bracket. Around 72.32 lakh subscribers were added to EPFO social security schemes between September 2017-December 2018.