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Top 5 Recession-Proof Industries

Hamsa Ramesha | AllHealthcare

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.

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