Due to the pandemic, thousands of people have lost their job. The world is currently experiencing a recession, which makes many people thinking which is the safest job that won’t lay off employees even when the world is in a financial crisis. There are many recession-proof jobs out there that do not require highly skilled workers.
What Is A Recession?
The temporary decline in financial and economic activity is known as recession. Generally, it is considered to be a recession when there is a fall in the GDP for 2 consecutive quarters. The increase in the number of unemployed people every month can also be one of the indicators. It is the National Bureau of Economic Research that usually updates when the world is in recession. At the time of recession, NBER uses monthly data rather than quarterly. A recession can last for 6 months to several years, to finally reach a point where the companies GDP is showing a positive change.
Since 1870, the world has experienced 14 recessions, and the is still recovering from the one in 2020 due to Covid.
How Safe Are the Jobs When Recession?
Despite having a degree from a world-class university, a person can be laid off. But some skills can help one get a recession-proof job, transferrable skills being one. Soft skills like teamwork, negotiation, problem-solving, leadership, empathy, communication skills, working under pressure are a few that helps to one of the best jobs during a recession.
List Of 15 Recession-Proof Careers
There are many industries out there that are naturally resistant to recession. Some of the most recession-proof jobs include:
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Doctors and Medical Professionals
Health care employees embrace careers like nurses, doctors, and physician assistants. It is one of the most secure professionals in the world. No matter what, there is always a need for medical professionals and the businesses related to it. Out of many recession-proof businesses, the health industry is one.
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IT Professionals
Despite a recession, the world needs people from IT. This is one industry that thrives despite all odds as the world is fully becoming digitalized.
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Utility Workers
People occupied on construction projects, transit workers, employees in a public utility like police and government officials are needed in every situation.
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Accountants and Auditors
A tax preparer or a certified accountant is needed in every sector, by all individuals and businesses. They help to handle one’s bookkeeping and prepare a tax return.
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Debt Management and Credit Counselors
These counselors are needed the most in difficulties as they assist to manage the funds when people are not employed. This job is one of the most recession-proof as they are needed at the time of economic downturn the most.
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Public Safety Workforces
First responders like paramedics, emergency management, officers for medicine enforcement agencies, firefighters, police officers are needed in recessions as well more than in any other situation.
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Employees under Federal Government
Many opportunities and options are available when one wants to work under the federal government. Some of the most famous jobs include engineers, program managers, judges, military, and employees under postal services.
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Teachers
Whether a recession or boom, the schools, and universities can never close down. Education is a must in every situation. For example, even during a complete lockdown, teachers had to be available to conduct classes online.
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Care Providers for seniors
There are people out there who are sick or handicapped and cannot do anything on their own. These people need care and someone to look after. A recession cannot affect their work.
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Courier and Delivery Services
Everyone is aware of how important the supply chain has become. Be it ordering food online, or having groceries ordered, or sending important documents, a person needs delivery services to fulfill their requirements.
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Occupational and Physical Therapist
The demand for both the types of the therapist is increasing every day but there is a very less number of people in this field, especially in the U.S. The lack of employees in this field allows applying for a lot of job openings.
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Social Workers
A work of a social worker employee is very vast and there are different categories for the same. There might be people who will assist families and children that are vulnerable, others would help people to solve problems and cope. There are clinical social employees as well who treats and diagnose mental, behavioral, and emotional issues.
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Hospice Workers
These workers are the ones who look after patients that are in the last stage of life due to health conditions and terminal diseases. This work might be very difficult but it is rewarding as you get to help someone when they are having their last breathe.
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Grocers
People will need food even when there is a cash crunch which makes supermarkets and grocery stores essential. The shopkeeper alone cannot handle stocking materials, handling customers, looking after the accounts, making bills, etc. So, there is always a need for employees in a grocery store. This job will not pay much, but it is better than being unemployed.
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Legal Professional and lawyers
Did you know that lawyers and MBA graduates were unemployed for an average of three months during the last recession? While not all legal jobs are recession-proof jobs, there are certain legal professions like divorce lawyers, criminal defense lawyers, bankruptcy lawyers that might be. Legal assistants, paralegals, clerks, court records, courtroom security, court reporters can be pretty stable jobs in the legal profession and are most likely to keep their jobs.
There is no assurance that these jobs are fully resistant to recessions but they are definitely better than most of the other fields when it comes to job security. There is no easy response when one wants to know how to safeguard their jobs. Recessions can lead to anxiety and depression as well but the most one can do to avoid such a situation is by staying vigilant and prepared.
