Four Recession Proof Jobs
The economy experienced tremendous setback with the loss of over 200,000 payroll jobs in the first quarter of 2008. However, there are still emerging careers that keep the economy afloat amidst the employment crisis.
According to the U.S. Labor and Statistics, there are 30 jobs that are expected to grow the fastest over the next decade. Examples of recession-proof jobs are in the fields of education, information technology, healthcare service, and security. These jobs have the best combination of high compensation and employment security.
Education
One out of four Americans is enrolled in academic institutions that provide 13.3 million jobs in the country. For the next decade, the education service sector is expected to grow by 12%, making it the second-largest industry to date. The growth median salary for jobs in education is $48,000. You can teach kids, be part of the academe, or be a vocational-technical instructor.
Information Technology
The country is very much reliant on technology. We constantly need highly skilled IT professionals to keep up with changes in technology. Since they are in-charge of the design, development, and maintenance of computer systems, IT workers are virtually employed in all industries. Between 2006 and 2016, the industry is expected to experience rapid growth, consequently adding 489,000 jobs and providing high earnings ranging from $91,000 to $200,000.
Healthcare
Healthcare is one of the fastest growing industries in the economy. Up to 1.7 million jobs were created in 2006, and an additional 3 million new wage and salary jobs will be created this decade. The advances in science and technology caused the diversity of healthcare service. The healthcare workforce now consists not only of physicians and nurses, but also of medical assistants, physical therapists, home health aides, X-ray technicians, medical records and health information technicians, and others.
Security
Police, fire, military, and emergency services jobs are resilient to recession because they deal with safety and security. In 2006 alone, there were 861,000 law enforcement jobs available in local government units, Federal agencies, and other security services. Police officers enjoy higher compensation from other average professions, earning between $44,160 and $78,547 for their minimum annual base salary.
Recession is inevitable; in fact, we have experienced recession every six years after the Second World War. So explore these job options—your background and career preferences might actually qualify you for one of these recession-proof jobs.
