
If you're looking for a job that's less likely to be affected by a recession, consider roles in the healthcare industry. With an aging population and an increased focus on healthcare, jobs like medical assistants, nurses, and healthcare administrators are in high demand.
The demand for healthcare professionals is expected to grow 14% by 2028, according to the Bureau of Labor Statistics. This growth is driven by an aging population and an increased focus on healthcare.
In the technology sector, jobs like software developers and data analysts are also relatively recession-proof. These roles are essential to businesses and organizations, and are less likely to be outsourced.
The tech industry is projected to grow 13% by 2028, with software developers and data analysts being among the fastest-growing occupations.
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Jobs and Industries
Certain industries are more resilient to economic downturns, often because they provide essential services that people need no matter what the economy looks like.
Healthcare is one such industry, where people will always need doctors and healthcare workers, whether it's for a medical emergency or a routine check-up.
Government, finance, utilities, trades, and education are also considered recession-resistant, as they create structure in people's daily lives.
These industries are not completely immune to recession, but they tend to be less affected than others.
Some specific jobs that do well in a recession include rideshare and delivery drivers, such as rideshare drivers, food delivery drivers, package delivery drivers, and couriers.
These jobs are in demand because people need to receive packages and food, even during economic downturns.
Here are some of the top industries during a recession:
- Healthcare
- Government
- Finance
- Utilities
- Trades (i.e. plumbers, electricians, dentists)
- Education
These industries are often considered recession-proof because they provide essential services that people need to survive.
Healthcare Jobs
Healthcare is one of the most stable industries in the U.S., and it's not hard to see why – people will always need medical care, regardless of the economy.
Medical professionals are in high demand, and you can find a job with just about every education and experience level. From patient care technicians to registered nurses, the options are endless.
Some common job titles in the medical field include:
- Patient care technician
- Certified nursing assistant
- Registered nurse
- Health care administrator
- Medical technologist
- Laboratory technician
Healthcare also encompasses mental health professionals, who are often needed most during economic uncertainty. Jobs within this field may vary according to scope and responsibility.
Mental health professionals include substance abuse counselors, caseworkers, social workers, therapists, school counselors, and clinical psychologists.
If you're interested in a more specialized role, consider becoming an occupational therapy assistant, which requires an associate degree and has a median salary of $50,000 to $74,999.
Other in-demand roles in healthcare include physician's assistants, who can earn up to $133,260 per year with a master's degree and license. Medical records specialists are also in high demand, with a median salary of $50,250 and typically requiring post-secondary non-degree award education.
Finally, dental hygienists work with dentists to provide oral care for patients and can earn up to $94,260 per year with an associate's degree in dental hygiene and license.
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Service Jobs
Service Jobs can be a great way to stay employed during a recession. Many essential services, like grocery stores, remain busy as people cut back on discretionary spending.
Grocery stores, in particular, see an increase in foot traffic as people cook at home more. This is because grocery stores provide essential services that people need, regardless of the economy.
Some job titles you might find in grocery stores include Clerk, Stocker, Manager, and Personal shopper. These roles are crucial to keeping the store running smoothly and providing good customer service.
In a recession, people may be more willing to hire someone to do tasks for them, making Personal shopper a potentially recession-proof job.
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Jobs with Strong Demand
According to the Bureau of Labor Statistics, most of the recession-proof jobs are on track to grow much faster than average for all occupations from 2023 to 2033.
Some of these jobs include healthcare and social assistance roles, which are expected to see significant growth as the population ages and healthcare needs increase.
Many of these jobs are also in fields like technology and renewable energy, which are experiencing high demand and are likely to continue growing even in a recession.
Healthcare professionals like nurses and doctors are in high demand, and their jobs are expected to grow much faster than average over the next decade.
These in-demand jobs are not only recession-proof but also offer a sense of personal fulfillment and job security.
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Finance and Business
In the finance and business sector, there are several roles that offer job security. Financial controllers, financial advisors, and tax accountants are just a few examples of jobs that are in demand.
These roles are not only stable but also offer a range of opportunities for advancement and specialization. For instance, financial analysts can work in specific fields like investment or risk, guiding clients on how to best spend their money and attain profit.
Some of the in-demand careers in this sector include financial analyst, financial controller, financial advisor, tax accountant, bookkeeper, and loan officer. These roles are not only recession-proof but also offer a high median annual salary, with financial analysts earning up to $101,910 per year with a bachelor's degree.
To get started in these careers, you can consider earning a Professional Certificate in data analytics, IT support, project management, UX design, cybersecurity, sales development, or bookkeeping from industry leaders like Google, Meta, Intuit, and IBM.
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What Defines Businesses?
Businesses that are considered recession-proof often have a steady stream of customers because they offer essential products or services that people need regardless of the economy. This can include industries like auto repair.
A key characteristic of recession-proof businesses is their ability to adapt to changing market conditions. They can easily adjust their service offerings or overhead costs to lower prices.
An example of a recession-proof business is an auto repair shop, which can continue to earn a profit even during economic downturns. This is because vehicles always need maintenance, and people may choose to repair their existing vehicle instead of buying a new one.
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5 Finance
Finance and job security often go hand in hand. People in finance professions usually have a steady income due to the necessary nature of their work.
Some roles in finance include financial controller, financial advisor, tax accountant, bookkeeper, loan officer, and financial analyst. These jobs require a range of skills and education.
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A financial analyst's work can be quite specific, focusing on investment or risk management. To become a financial analyst, you typically need a Bachelor's degree.
Here are some finance jobs with a relatively high median annual salary:
- Financial controller: salary not specified
- Financial advisor: salary not specified
- Tax accountant: salary not specified
- Bookkeeper: salary not specified
- Loan officer: salary not specified
- Financial analyst: $101,910
Pivoting to a career in finance can be a good move, especially if you're looking for job security.
Technology and Law
A career in law can be a safe bet even in a recession, as legal battles always seem to arise.
In fact, when money is in question, there may be a heightened demand for lawyers and legal expertise.
You can still find a legal position in a field that's more secure, even if one sector is hit harder than others.
Technology and law intersect in many areas, offering opportunities for job seekers.
Computer Technology
Computer technology is one of the fastest-growing fields in the U.S., with a 15 percent increase in jobs expected in the next decade, much faster than the average for all other occupations.
The demand for computer technology professionals is consistently high, even during times of financial woe, because consumers rely on the internet and technological tools for their daily lives.
Software engineers, designers, coders, IT consultants, and other related roles will always be in high demand.
The USC Viterbi School of Engineering offers various master's degrees in computer science, data science, and cyber security engineering, both in-person and online.
These programs provide students with the skills necessary for non-outsourceable careers and leadership in software engineering.
Law
A career in law can be a safe bet, as legal battles inevitably wage on throughout recessions.
Attending law school is a direct path to becoming a practicing attorney.
Law is intertwined with almost every industry, making it possible to find a legal position in a field that's more secure.
You can also secure legal-adjacent positions, such as compliance officers or human resource employees, in fields like business, entertainment, finance, and healthcare.
The USC Gould School of Law offers online programs, including a Master of Studies of Law (MSL), to help you accomplish this.
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Social Services
Social services are a vital part of our communities, and they're unlikely to be affected by a recession. Social work is a field that's always in demand, with roles growing 9 percent in the next 10 years, according to the U.S. Bureau of Labor Statistics.
People will always need support, whether it's for mental health, family counseling, or community advocacy. A recession might even increase the need for social workers as people cope with financial and other issues.
The USC Suzanne Dworak-Peck School of Social Work offers a Master of Social Work (MSW) program that prepares students for a range of fields, including family counseling and mental health.
While it's impossible to predict with certainty which fields will remain stable, social services are a safe bet.
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Job Protection
Having a job that's recession-proof can give you peace of mind during uncertain economic times. Certain skills remain in demand through economic changes, including adaptability, creativity, and critical thinking.
These skills are marketable and transferable, making you a valuable asset to any employer. You can continue building your skill set by completing a professional certificate or working on an independent project.
According to the Bureau of Labor Statistics (BLS), some jobs are on track to grow much faster than average from 2023 to 2033. These include financial professionals, such as financial controllers, financial advisors, and tax accountants.
Jobs in finance tend to be recession-proof due to their essential nature. People will always need help managing their finances, making loan officers and financial analysts in high demand.
Here are some recession-proof jobs to consider:
- Financial controller
- Financial advisor
- Tax accountant
- Bookkeeper
- Loan officer
- Financial analyst
Having a strong skill set and a job in a recession-proof field can help you navigate economic uncertainty with confidence.
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