Recessions result in fewer job openings, massive layoffs, and fierce competition for available positions. Higher education degrees no longer guarantee job security in the same manner that they did in the past. Although no job is guaranteed, a few occupations are less affected by a recession. Here’s a list of the best recession-proof careers for those with different levels of education and experience:
Many American families own a pet. As a result, this is a career that will survive any economic crisis. Besides that, aiding animals is a huge advantage of the job. If you love animals, you’ll be able to enjoy your career as a veterinarian even during difficult economic times.
2. Lawyers and legal professionals
While not all occupations in the legal profession are recession-proof, some legal specializations, such as bankruptcy, criminal defense, and divorce lawyers, may not be affected as much.
3. Medical & healthcare providers
People will get sick and injured, regardless of what happens in the stock market or GDP growth. If you want the most employment stability, a career at a hospital or clinic is a good option.
4. IT professionals
The tech industry provides many recession-proof career opportunities. Whether it’s IT support, cell phone troubleshooting, computer repair, or developing information systems, technology firms appear to be unaffected by the recession.
5. Utility workers
Utility workers are on the list of recession-proof employment because support staff in waste management, energy, and other utilities is always needed, regardless of the state of the economy. These are essential services for daily life, and there is a considerable demand for them.
6. Public safety workers
During recessions, security guards, ambulance drivers, firefighters, and police officers are more in demand. In a downturn, working in public safety is usually a safe bet.
7. Teachers and college professors
Teachers are among the most unionized professions, and a long list of benefits ensures their job security. Regardless of the state of the economy, tenure benefits professors in higher education.
8. Pharmacists and technicians
People will need to continue taking their usual drugs; thus, pharmacies will see a continual stream of customers, like hospitals and healthcare facilities.