Occupational expert Laurence Shatkin offers many suggestions in his recently published book, 150 Best Recession-Proof Jobs, but believes one strategy is particularly effective for maintaining stability in floundering—and flourishing—economic times. He encourages individuals to seek employment in industries that are growing steadily and have a high concentration of jobs that are likely to weather a poor economic climate.
“These industries typically offer the most job security. Even workers in recession-sensitive occupations may be able to ride out tough times if they’re working in an industry that tends to grow at a steady rate. For example, the education industry employs many people who aren’t teachers; the health-care industry employs many people who never come near a patient. Finding employment in industries that have a positive outlook can reduce the chances that your job will be threatened by an economic downturn,” says Shatkin.
Based on information from the U.S. Department of Labor and U.S. Census Bureau, Shatkin identified the 10 industries below as the most-recession proof because they are the industries where recession-proof jobs are the most highly concentrated.
Shatkin also reminds, “Nobody’s job is 100 percent secure, but you can take additional steps to reduce your chances of being laid off in tough times by making yourself the indispensable employee and being resilient enough to be able to rebound from a job loss. These concepts are valuable for your career, no matter whether the economy is booming or stagnating.”
Top Recession-Proof Fields
1 )Transit and Ground Passenger Transportation
2) Hospitals, Public and Private
3) Ambulatory Health Care Services
4) Nursing and Residential Care Facilities
5) Educational Services, Public and Private
6) Other Information Services
7) Social Assistance
8) Repair and Maintenance
9) Religious, Grantmaking, Civic, Professional, and Similar Organizations
10) Insurance Carriers and Related Activities