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10 Recession Proof Jobs

Recession Proof Jobs

Job layoffs are happening everywhere around us these days. People who have had job security for years and years are now finding themselves unemployed. Unemployment is up and the economy is still extremely slow. It can be extremely helpful to take a look at the top recession-proof jobs.

Peter Schiff, the author of “The Little Book of Bull Moves in Bear Markets” gives an insight as to his top recession-proof jobs. He leads into the list by saying, “I foresee the following as the 10 strongest professions and industries over the coming decade and beyond.”

1. Engineering. Although the U.S. industrial market has been forgotten and abandoned, it will need to be revised.

2. Construction. American construction will never completely stop, especially when the American infrastructure needs to be rebuilt.

3. Agriculture. America, as a whole, is trying to wean itself from imported food. This will give a rebirth to American agriculture.

4. Merchant marine. This industry is important in order to transport goods and products to foreign markets.

5. Commercial fishing. The demand for fish is increasing in the United States. On the other hand, foreign supply is decreasing. America will get the opportunity to control much of the fishing market share.

6. Energy. The energy industry is recession-proof because alternative forms of energy will always need to be created.

7. Computers and other forms of high technology. The U.S. leads the world in the industry. The technology field is surely recession-proof.

8. Entertainment. The entertainment industry is necessary for the U.S. economy. Additionally, the U.S. continues to be a world leader in this industry.

9. Automotive repair/small-appliance repair, etc. More and more people will be looking to repair damaged items instead of buying another. Demand for this industry will continue to increase as it becomes more cost effective to repair items instead of replacing them.

10. Textiles and tailoring. Imported clothes are already becoming scarcer and also more expensive. This industry will start to move everything back home.

The key to this list is that Schiff believes the U.S. economy is already in a massive collapse. Laurence Shatkin, the author of “150 Best Recession-Proof Jobs” shares his insight. His list is as follows:

1. Computer systems analyst
2. Network systems and data communications analyst
3. Network and computer systems administrator
4. Registered nurse
5. Teacher, post-secondary (i.e. college professors)
6. Physical therapist
7. Physician and surgeon
8. Dental hygienist
9. Pharmacist
10. Medical and health services manager

Although this is a slightly different list, many of the jobs are the same. It can be extremely helpful to take a look at these lists to make sure that your job is recession-proof.