ajcjobs > BlogBreak > Archives > 2008 > March > 07
Friday, March 7, 2008
Are there any recession-proof industries?
The Atlanta Journal-Constitution
Alan Greenspan states that the U.S. is “clearly on edge of a recession,” and Warren Buffet said “the U.S. economy is essentially in a recession even if it hasn’t met the technical definition of one yet.” Who cares?
Didn’t we already go through one in 2002 and only found out years later? If we look ahead and factor this information into the equation, it will lessen the affect. It may be a good time to consider the sources. Take this information and apply it to your personal assessment of where you are in your current job. Here are a few industries that are recession-proof:
Education: The U.S. Bureau of Labor Statistics has shown that teaching is a recession-proof job. Demographics do play a role, but look around and see how your school district is performing. Is it growing or barely hanging on?
Health care: How will this industry be affected after the election? Nobody knows for sure, but many of the fast growing occupations are in the area of healing services, according to the U.S. Bureau of Labor Statistics.
International Business: If you speak Chinese or are open culturally to other areas, look for jobs in other high-growth countries. There are amazing developments in some countries. For example, Dubai is certainly not seeing the construction downturn the U.S. is dealing with, so think outside the U.S.
Security: This is a great area for military-to-civilian résumés to channel. Crime does not stop because the stock market did not perform well or the country is seeing recessionary times. In fact, in this recession the stress of bills and increase in fuel and food costs could bring more pressure to people, which can result in higher crime.
Tip: Polish your résumé Be sure your résumé doesn’t mask the successes and accomplishments you have completed that put you ahead of your peers. Now is no time to be shy. Make your résumé stand out from the many others looking for work. Do this by demonstrating your career successes.
Nobody has a completely secure job, so be sure to be aware of changes in your industry due to all the changes in our economy. If you feel like changes may be coming your way, it never hurts to start looking for a job in an industry that is more likely to successfully weather the potential storm headed our way.
