When the economy is doing well, businesses are making record profits, staff are happy and content in their jobs and people have money to spend on the hobbies, shopping or holiday.
On the flip side to this scenario when times aren’t as positive, things inevitably slow and a recession can begin. These economic highs followed by economic lows is known as a boom and bust cycle.
This boom and bust cycle happens in all economy’s, and when economies are finding things tough, businesses look to cut costs, which can mean staff lose their jobs.
No one wants to lose their job, but what if you could swing things in your favour career wise so you don’t find yourself looking work?
Changing career and moving jobs could be one way of avoiding the sack.
Did you know that their are certain jobs which are recession proof? This means that during periods of economic downturn they perform better.
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What is a recession proof job?
It is important to point out that no job is completely recession proof, however below is selection of jobs that see’s less downside than a lot of other careers during a recession, providing better job security.
If you keen to understand how you can best prepare for a recession and what thing your can to reduce the financial impact of a recession you may want to read this article about How does a recession affect me?
What makes a career or job recession proof?
In order for a career or job to be recession proof and less affected by reduced economic output, there is several aspects which lead to higher demand.
Providing support or catering to a universal need makes for a strong job choice such a Utility Workers or Heath Care.
Providing day to day services such as car repairs and diagnostics.
Providing essential services such as police officers or ambulance staff.
Utilities Staff
Waste Water Engineers
Power Plant Manager
Safety Engineers
It is important to keep the lights on, homes warm and water flowing from our taps, even during a recession. People working within key utilities such as water treatment, as well as electricity and gas supply are always in demand regardless of economic uncertainty. Thats because people require utilities as the continue to go about their day.
As people ditch the car for public transport bus drivers can be in high demand, so offer a good opportunity for people that love driving and are looking for a change in career.
Accountancy Jobs
Accountants
Bookkeepers
As the phrase goes “nothing is certain except death and taxes” and never has that phrase been more pertinent than during a recession. In times of economic slow down there is always a need for accountancy support because companies and people still have to pay tax, and remain compliant with financial regulations and laws.
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Healthcare Professionals
Nursing Staff
Physiotherapist
Hospital Administration Staff
Let’s face it, people don’t stop getting sick when there is a recession, so demand for qualified healthcare professionals will remain a constant.
If the thought of changing careers into a worth while profession where care is at the heart of everything you do, then the heath-care profession might be for you. Not to mention the job security you get from it.
Social Care Providers
Social Care Workers
Social Care Nurses
An aging population which relies on people to care for them and tend to their needs, provides a constant stream of work regardless of the economy.
Education Work
School Teachers
School Support Workers
University Lecturers
Working in the education industry offers some job security during times of recession. While other sectors may be laying off staff and cutting back, during a downturn the number of children in schools remains a constant.
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People also study to up skill or look to advance their knowledge to help with promotion, so during challenging times online learning and higher education sees an up take.
Public Sector
Police Officers
Firefighters
The need for public sector workers such a firefighters, police and prison staff remain high regardless of what is happening in the economy. People requiring the support of the police following a break in, or the attendance of crews following a fire or road traffic accident will never diminish so can provide a new career opportunity in a challenging and exciting profession.
Which Jobs are most at risk during a recession?
So we have covered some of the best jobs which have a tendency to be recession proof, and are consistently strong even during challenging times. You are probably thinking what careers and jobs are most affected by a slow down in the economy?
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Non-essential or luxury good and services tend to be at risk during recessions, as people may not have the usual amount of disposable income and look to make cut backs on things they can do without.
Service sector such as restaurants, leisure and entertainment as well as travel agents all find things tough during an underperforming economy. Restaurant’s will lay off staff or may even have to close due to people not eating out as much. Airlines see lower flight numbers because people may not be able to afford to book holidays which can have an impact on travel agents.
While I have you here, if you are looking to understand more about how a recession can affect you and how to prepare financially you might want to read another article i have written about How does a recession affect me?.
If this post has inspired you to look for a recession proof job or maybe a complete career change, why not start a side hustle which is connected to your passions or something you are skilled at…good luck.
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When the economy is doing well, businesses are making record profits, staff are happy and content in their jobs and people have money to spend on the hobbies, shopping or holiday.
On the flip side to this scenario when times aren’t as positive, things inevitably slow and a recession can begin. These economic highs followed by economic lows is known as a boom and bust cycle.
This boom and bust cycle happens in all economy’s, and when economies are finding things tough, businesses look to cut costs, which can mean staff lose their jobs.
No one wants to lose their job, but what if you could swing things in your favour career wise so you don’t find yourself looking work?
Changing career and moving jobs could be one way of avoiding the sack.
Did you know that their are certain jobs which are recession proof? This means that during periods of economic downturn they perform better.
What is a recession proof job?
It is important to point out that no job is completely recession proof, however below is selection of jobs that see’s less downside than a lot of other careers during a recession, providing better job security.
If you keen to understand how you can best prepare for a recession and what thing your can to reduce the financial impact of a recession you may want to read this article about How does a recession affect me?
What makes a career or job recession proof?
In order for a career or job to be recession proof and less affected by reduced economic output, there is several aspects which lead to higher demand.
Providing support or catering to a universal need makes for a strong job choice such a Utility Workers or Heath Care.
Providing day to day services such as car repairs and diagnostics.
Providing essential services such as police officers or ambulance staff.
Utilities Staff
Waste Water Engineers
Power Plant Manager
Safety Engineers
It is important to keep the lights on, homes warm and water flowing from our taps, even during a recession. People working within key utilities such as water treatment, as well as electricity and gas supply are always in demand regardless of economic uncertainty. Thats because people require utilities as the continue to go about their day.
Bus Drivers
During the financial challenges of a recession, people look to make cut backs, and one of people’s biggest expenses is the car.
As people ditch the car for public transport bus drivers can be in high demand, so offer a good opportunity for people that love driving and are looking for a change in career.
Accountancy Jobs
Accountants
Bookkeepers
As the phrase goes “nothing is certain except death and taxes” and never has that phrase been more pertinent than during a recession. In times of economic slow down there is always a need for accountancy support because companies and people still have to pay tax, and remain compliant with financial regulations and laws.
Healthcare Professionals
Nursing Staff
Physiotherapist
Hospital Administration Staff
Let’s face it, people don’t stop getting sick when there is a recession, so demand for qualified healthcare professionals will remain a constant.
If the thought of changing careers into a worth while profession where care is at the heart of everything you do, then the heath-care profession might be for you. Not to mention the job security you get from it.
Social Care Providers
Social Care Workers
Social Care Nurses
An aging population which relies on people to care for them and tend to their needs, provides a constant stream of work regardless of the economy.
Education Work
School Teachers
School Support Workers
University Lecturers
Working in the education industry offers some job security during times of recession. While other sectors may be laying off staff and cutting back, during a downturn the number of children in schools remains a constant.
People also study to up skill or look to advance their knowledge to help with promotion, so during challenging times online learning and higher education sees an up take.
Public Sector
Police Officers
Firefighters
The need for public sector workers such a firefighters, police and prison staff remain high regardless of what is happening in the economy. People requiring the support of the police following a break in, or the attendance of crews following a fire or road traffic accident will never diminish so can provide a new career opportunity in a challenging and exciting profession.
Which Jobs are most at risk during a recession?
So we have covered some of the best jobs which have a tendency to be recession proof, and are consistently strong even during challenging times. You are probably thinking what careers and jobs are most affected by a slow down in the economy?
Non-essential or luxury good and services tend to be at risk during recessions, as people may not have the usual amount of disposable income and look to make cut backs on things they can do without.
Service sector such as restaurants, leisure and entertainment as well as travel agents all find things tough during an underperforming economy. Restaurant’s will lay off staff or may even have to close due to people not eating out as much. Airlines see lower flight numbers because people may not be able to afford to book holidays which can have an impact on travel agents.
While I have you here, if you are looking to understand more about how a recession can affect you and how to prepare financially you might want to read another article i have written about How does a recession affect me?.
If this post has inspired you to look for a recession proof job or maybe a complete career change, why not start a side hustle which is connected to your passions or something you are skilled at…good luck.
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