The US retail industry experienced a 27% drop in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by Walgreens Boots Alliance with 44,145 job postings according to GlobalData’s analysis of retail company job postings. GlobalData’s Retail: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the retail industry, facilitating anticipation of future workforce needs. Buy the report here.
Notably, Sales and Related Occupations jobs accounted for a 25% share of the US retail industry new job postings in Q4 2023, down by 26% over the prior quarter.
Sales and Related Occupations drive retail industry hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Sales and Related Occupations, which accounted for 25% of the total new job postings in Q4 2023 and were down by 42% year-on-year. Second highest were Office and Administrative Support Occupations, which accounted for 11% and drop by 23% year-on-year, and third highest were Management Occupations, which were 12% of the new job postings and 27% lower year-on-year.
Top five companies in retail industry accounted for 34% of hiring activity
The highest number of jobs were posted by Walgreens Boots Alliance with 44,145, followed by Lowe's with 28,878, while the highest increase was at CVS Health at 30%.
For further understanding of GlobalData's Retail: Hiring Trends & Signals Q4 2023, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
