There are some industries that hold up better than others during hard economic times.
Choosing a good career path during an economic downturn can be challenging. Although all recessions are different, it is common for unemployment levels to rise and for some types of jobs to fade away as technology or demand changes. But there are also job types that hold up well during hard economic times. When trying to find those jobs, think of professions that attend to a consumer's needs rather than wants or desires. These can often be jobs revolving around health, food or technology that we've grown dependent upon.
Health Care
Jobs in the health care industry are expected to remain in high demand as the population ages. According to projections from the U.S. Bureau of Labor Statistics the following jobs are expected to be among the professions that add the most jobs in coming years: registered nurses; home health aides; personal and home-care aides; orderlies; and physicians.
Food industry
People still have to eat during an economic downturn, and although they may change the types of restaurants they dine at, eating outside the home continues to be popular. The Bureau of Labor Statistics projects food-service preparation workers -- particularly in fast food establishments -- and waiters and waitresses to be among the 30 professions that will add the most jobs in coming years.
Office adminstration
With new financial and health care regulations, companies are increasing the number of roles related to overseeing financial and regulatory matters. The Bureau of Labor Statistics anticipates that several professions will benefit, including auditors, management analysts, general office clerks, and administrative supervisors.
Information technology
During economic downturns, companies often turn to technology to help them produce goods and services. Computer software engineers, network analysts, computer application engineers, and data communication analysts are projected by the BLS to add significant jobs in the coming years.
