The mere mention of the word “recession” strikes fear in the hearts of many. Millennials, many of whom came of age during the Great Recession, are particularly susceptible and fearful. Stock traders, real estate agents, factory workers — all have a lot to lose when the economy takes a tumble. And as scary as it may be, the next recession is always right around the corner.
In fact, we’re probably due for another one fairly soon. There’s only a certain amount that policymakers can do to stave a recession off: Sooner or later, the cyclical nature of the economy takes over.
There are a number of things you can do to insulate yourself from the effects of a recession. Diversify your income, save more money, and keeping your debt at manageable levels are a good way to start. But when it comes to your job? You may be at risk of losing it. Some jobs are put on the chopping block right away in order to save employers money. If you have one, you might find that you’re in trouble.
But some jobs are integral. We can’t just fire everybody — they’re too important to the economy and day-to-day upkeep of the country to simply cut loose. These jobs are, in a sense, recession-proof. A new report from Glassdoor named 11 of them.
“This report features a selection of 11 jobs, in no particular order, that have been identified by Glassdoor’s Chief Economist Dr. Andrew Chamberlain as being safer during a recession,” Glassdoor said of its methodology. “These jobs are in many cases connected to industries which have been less correlated with business cycle fluctuations, such as a recession.”
“Historically, there are industries and occupations that have been less correlated to business cycle fluctuations, like recessions, than others,” said Dr. Chamberlain. He continued:
If you are looking to reduce the risk of losing your job during times of a recession, we know that in the past jobs in healthcare, education and utilities have not suffered as many job losses as in other fields during a down cycle. Also, if you have a union job and / or work in government, we know these positions can be cushioned from the slings and arrows of economic variation.
In no particular order, here are Glassdoor’s picks for jobs that will survive the next recession.