Is there really such a thing as a recession-proof job?
The CareerBuilder team has written its fair share about protecting your career in a down economy and recession-proof jobs topic, including articles like Is Your Job Recession-Proof? and 10 Recession-Proof Jobs. But is "recession-proof" just the term du jour?
Today's Chicago Tribune published an article arguing there is no such thing as a recession-proof job. "Giant industries that have taken on the recession-proof mantle include health care and food, education and government. Clearly, it can't all be recession-proof," Greg Burns writes.
Does this mean that so-called safe industries like government, health care and education are just as vulnerable as retail and manufacturing? While nothing is 100% in any economy, there are some industries that fare better than others during a recession. What is important to look at are the gains and losses in industries, their subsectors and also regionally.
The BLS reported last week that in June 2009, nonfarm payroll employment decreased in 39 states and the District of Columbia, but it increased in 10 states and was unchanged in one state. Drilling down into the latest BLS industry employment data, several sectors added jobs in June including: transit and ground passenger tranportation, general merchandise stores, health care, nursing and residential care facilities, and personal and laundry services.