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Top 5 Recession-Proof Industries

Hamsa Ramesha | NursingLink


4. Food Manufacturing

A bad economy doesn’t mean we cut back on food — especially comfort food. The food manufacturing industry includes meat preparation, dairy products, farming, bakeries, confectionary products, food delivery, etc. Because demand for food is relatively stable no matter what state the economy is in, food manufacturing remains secure, though it can be impacted by short term conditions including animal diseases, weather conditions, and trade agreements, according to the BLS.

In addition, it can be easy to get a job as a food production worker (did you know they make up 54 percent of all jobs?), as you need little formal education or training.

States like Michigan, where the recession has left deep marks, managed to see a 12 percent growth in the agricultural food industry. Food manufacturing employment grew 2.6 percent in September for Oregon as well, when compared with September 2008.

People are also indulging in inexpensive sugary treats, which is why confectionary companies like Hershey’s are doing well. It makes sense; candy and chocolate are relatively cheap, but oh-so-yummy and comforting. Breakfast foods, like eggs and cereal that you can actually eat at any time of day, saw a rise in popularity — General Mills Inc. saw their second-quarter profit jump 50 percent in 2009 alone.

You may have heard of the spectacular growth by the nation’s biggest fast-food chain: McDonald’s. The Golden Arches definitely wins best-in-show for all-around growth, both in the U.S. and abroad, with their successful launch of McCafe coffee and new store openings (almost 600 in 2008!). Even though it’s well accepted that people eat out less and at home more in a recession, it worked in McDonald’s favor: when people do eat out, they eat cheap. I’m Lovin’ It.

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    Cary912

    over 4 years ago

    4 comments

    Recession proof, I doubt it. I'm a new grad since may 09 with a BSN. Every job that is available is asking for 1 to 2 years of experience. How can a new grad get any type of experience if nobody is willing to give the a chance. It is very discouraging and frustrated as a new grad.

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    slb

    over 4 years ago

    2 comments

    It is discouraging to see how many new nursing graduates are having difficulty finding a job. What seems to be forgotten when everyone is expounding the economy resistance of nursing is that many experienced nurses who have left the field are re-entering due to loss of other employment or loss of income of spouse. Also, there are more students being directed into the nursing field causing an increased supply to a dwindling demand. This ultimately will hurt the financial progress this profession has made.

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    lucid2020

    over 4 years ago

    18 comments

    Germs may not care about the economy, but whoever pays your wages does care about the economy, and so should you. Health care will not suffer immediately since it is constantly needed, but unless there is a system in place to pay these health care workers and have them in at least non-hazardous conditions, we may end up starving pro bono together.

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