Based on the research company’s data, job postings at the athleticwear brand peaked in May at 934. As of Monday, Under Armour’s career page showed 840 listings, a 10.1 percent decrease from last month’s high. Of that number, 689, or 82 percent, are in the United States. Of the U.S. postings, 525, or 76.2 percent, are in retail.
Under Armour’s job listings have been on the rise since December, when they plummeted from 794 to 521, according to GlobalData. The number crept up steadily through the winter, before shooting up 33.7 percent in April to 833. Before the pandemic, in March of last year, the company listed 665 job openings.
The decline comes a month after the Baltimore business revealed it would be raising its minimum hourly pay rate from $10 to $15. The shift, announced May 19, went into effect June 6. According to Under Armour, the change gave more than 8,000 part-time and full-time employees—approximately 90 percent of its retail and distribution workforce—a pay increase. At the time, Under Armour said it had more than 3,000 open roles at retail locations and distribution centers.
The decrease in job postings also comes as many states opt out early of the $300 enhanced unemployment benefits that some experts believe have kept portions of the available labor force on the sidelines. So far, 22 states have chosen to discontinue these benefits with another four to follow by July 10. A recent analysis by Jefferies LLC economists, as reported by The Wall Street Journal, found the number of workers paid benefits through state unemployment programs fell 13.8 percent from mid-May to the week ended June 12. Those states planning to end benefits in July saw a 10 percent drop, while the remaining states experienced a 5.7 percent decline.
U.S. job openings soared to 9.3 million—a record high—in April, according to the U.S. Bureau of Labor Statistics. Before the pandemic, the figure had previously peaked at 7.6 million in November 2018. In February 2020, the last data point that appears to not reflect the impact of the pandemic, openings totaled 7 million.
GlobalData’s report didn’t offer insight into the trends at any of Under Armour’s competitors, but a look at their job listings pages indicates a decidedly less retail-centered job market, even as brands have been open about increasing direct-to-consumer sales and pulling back, to some degree, on wholesale exposure.
Of Nike’s 1,363 open positions, for example, just 616, or 45.2 percent, are at retail stores. Looking at the United States, slightly more than half, 51.6 percent, of the 966 total listings are for positions in retail. Of its total openings, 208 are categorized as technology jobs. Supply chain, distribution and logistics, meanwhile, account for 106 of the company’s open positions.