The global apparel industry experienced a 36% drop in new job postings related to future of work in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 59% decrease versus Q3 2022. GlobalData’s Apparel: Hiring Trends & Signals Q3 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the apparel industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Computer and Mathematical Occupations jobs accounted for a 20% share of the global apparel industry’s future of work-related total new job postings in Q3 2023, down 32% over the prior quarter.
Computer and Mathematical Occupations drive future of work-related hiring activity
Computer and Mathematical Occupations, with a share of 20%, emerged as the top future of work-related job roles within the apparel industry in Q3 2023, with new job postings drop by 32% quarter-on-quarter. Management Occupations came in second with a share of 10% in Q3 2023, with new job postings dropping by 33% over the previous quarter.
The other prominent future of work roles include Installation, Maintenance, and Repair Occupations with an 8% share in Q3 2023, Business and Financial Operations Occupations with a 7% share of new job postings.
Top five companies in apparel industry accounted for 73% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were Ralph Lauren, VF, Columbia Sportswear, Peloton Interactive, and Skechers USA. Together they accounted for a combined share of 73% of all future of work-related new jobs in the apparel industry.
Ralph Lauren posted 55 future of work-related new jobs in Q3 2023, VF 35 jobs, Columbia Sportswear 33 jobs, Peloton Interactive 27 jobs, and Skechers USA 25 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 76.76% share of total new job postings, Q3 2023
The largest share of future of work-related new job postings in the apparel industry in Q3 2023 was in the US with 76.76% followed by Germany (7.05%) and Canada (2.90%). The share represented by the US was two percentage points lower than the 78.67% share it accounted for in Q2 2023.
For further understanding of GlobalData's Apparel: Hiring Trends & Signals Q3 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 Job 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.
