The North American consumer industry experienced a 19% drop in new job postings in Q2 2023 compared with the previous quarter, with the highest share accounted for by Panera Bread with 11,900 job postings, according to GlobalData’s analysis of consumer company job postings. GlobalData’s Key Consumer Trends to Watch in 2023 report provides a comprehensive analysis of the most impactful consumer trends expected to shape the market in the coming year. The report covers key trends such as the value-for-money mindset, health in focus, consumers in control, and the new normal in Buy the report here.
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Notably, Management Occupations jobs accounted for a 12% share of the North American consumer industry’s total new job postings in Q2 2023, drop 12% over the prior quarter.
Management Occupations drive consumer hiring activity
Management Occupations, with a share of 12% new job postings, was the occupation with the greatest hiring activity in the North American consumer industry in Q2 2023 , ahead of Sales and Related Occupations with an 11% share of new job postings.
The other prominent roles included Production Occupations with a 10% share in Q2 2023, Transportation and Material Moving Occupations with a 7% share and Office and Administrative Support Occupations with a 6% share of new job postings.
Top five companies accounted for 26% of hiring activity
Panera Bread posted 11,900 jobs in Q2 2023 and registered a growth of 151% over the previous quarter, followed by Petco Health and Wellness with 9,909 jobs and a 4% growth. Performance Food Group, with 4,918 jobs, and Tyson Foods, with 3,734 jobs, recorded a 102% rise and a 68% rise, respectively, while LVMH Moet Hennessy Louis Vuitton recorded a 5% increase with a 3,730 new job postings during Q2 2023.
Regional analysis of hiring in the North American consumer industry, Q2 2023
The US held the leading share of the North American consumer hiring activity with a 93.24% share, a 20% decrease over Q1 2023. Canada was next with 3.37%, four-percentage-point down over the previous quarter.
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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.
