Top 5 Recession-Proof Industries
Hamsa Ramesha | NursingLink
2. Federal Government
The government always needs help, and that doesn’t change in a down economy. A job with the federal government is seen as a reliable paycheck, no matter what state the nation as a whole may be in. In fact, many leave these jobs only for retirement. Government jobs are rarely cut back, and this is especially true in a recession where expanding these positions can stimulate the economy.
Rather than laying off workers, companies go into a hiring freeze. Plus, as baby boomers retire, more positions open up, meaning more room for new talent.