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Recession-Proof? 11 Stable Careers That Resist Economic Downturns

Business News Daily Editor
Business News Daily Editor
Business Development Director at SinoMena

Jobs in health care, education and utilities provide certain levels of stability during economic downturns.

  • Although there is no job that is 100% recession-proof, some jobs have more job security compared to others.
  • Jobs that have unions and government jobs tend to be among the most recession-proof jobs in existence.
  • Some of the most recession-proof jobs are funeral directors, accountants, utility workers, and more.

More than 26 million Americans have filed jobless claims since the start of the coronavirus pandemic – more than all the jobs added in the 10 years since the Great Recession. While no job is completely recession-proof, there are some occupations that give employees a better chance to withstand an economic downturn's negative consequences. According to Glassdoor, the online jobs and recruiting marketplace, employees working in healthcare, government, education and accounting tend to have a better chance of keeping their jobs during periods of economic hardship.

Andrew Chamberlain, chief economist at Glassdoor, said jobs in those industries have been less correlated to business-cycle fluctuations, like recessions.

"If you are looking to reduce the risk of losing your job during times of a recession, we know that in the past, jobs in healthcare, education and utilities have not suffered as many job losses as in other fields during a down cycle," Chamberlain https://www.businessnewsdaily.com]

To help those looking for jobs that could survive the effects of a recession, Glassdoor highlighted 11 positions that offer the best chances at stability:

  1. Teacher: Public school teachers are often members of labor unions, which can make their positions difficult to eliminate. In addition, a down economy doesn't affect the number of children attending school.

  2. Funeral director: Recessions don't have any bearing on people dying. Families are always going to need services that help lay their loved ones to rest.

  3. Physician assistant: Medical care is always in need, regardless of economic conditions. Physician assistants also have the flexibility of being able to switch practices if necessary.

  4. Professor: While attaining tenure can be a long and difficult process, those who do achieve such positions enjoy job security that most people only dream of. That type of job security is one of the most enviable achievements in the education industry.

  5. Accountant: Having to pay taxes is one of the few certainties in life. Individuals and businesses will always need accountants to help fill out returns come tax season.

  6. Auditor: Federal law mandates that certain types of companies perform audits annually. These audits must be conducted in both good and bad economic conditions.

  7. Nurse: The need for health care doesn't fluctuate with a rising or falling economy. People always need medical services, and the demand will likely rise with the aging baby boomer population.

  8. Utility worker: These workers are responsible for keeping the country running. They are in charge of keeping roads in good condition, the electricity working and taking the trash away, among other things. Those services will always be needed, even if the economy isn't flourishing.

  9. Actuary: The job of an actuary is more in demand during economic hardships. These professionals help organizations minimize risk. Because of the value actuaries bring, it's hard to eliminate these positions during recessions.

  10. Teacher's aide: Even if the economy is performing poorly, educators will still be needed. Since teacher's aides fall under the umbrella of education and teaching, their jobs often remain safe during recessions.

  11. Nurse's aide: Nurse's aides have a variety of employment options. They can work in hospitals and nursing homes, and provide home care. Even if the economy takes a turn for the worse, people will still need these types of health care services.

Chamberlain said he chose all of the jobs on this list because they are connected to industries that are less affected by business-cycle fluctuations

Additional recession-proof jobs

Some additional recession-proof jobs are the following:

  • Police officers: One of the most obvious recession-proof jobs is that of police officers. No matter how the economy is doing, there will always be situations that require police intervention. In fact, according to Corn on the Job, crime actually goes up during periods of recession because people are making less money and becoming more desperate to find ways to make ends meet.

  • Mental health providers: No matter what is going on with the economy, maintaining sound mental health is important for all. Many people rely on therapy and other mental health services to function. For this reason, these jobs often have a great level of job security.

  • Firefighters: According to Money Inc., firefighters tend to have recession-proof positions. This is because there is no way to know when a fire will break out and also because firefighters respond to emergencies of all kinds.

  • Military: Additionally, the need to secure the country as well as continue operations outside of the country does not disappear simply because there is a recession. Therefore, members of the military typically have a high level of job security.

  • Fast-food workers: Given that fast food is a cheap, fast, and easy way to feed one’s self as well as others, fast food workers are typically safe when there is a recession. It is possible that there will be more fast-food jobs during recessions as many people are looking for the cheapest methods of putting food on the table.

  • Pilots: Also, no matter how many people are flying, someone still has to fly the plane. Pilots must be prepared to fly an entire plane, no matter if there is only one person on a plane or if the plane is filled to capacity.
Image Credit: Traimak / Getty Images
Business News Daily Editor
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