Recession affected many American workers; with the collapse of real-estate industry, major sectors like sales, construction, finance, and estate industries experienced massive downfall. However people who were fortunate enough to hold on to their jobs were the ones who accepted less pay and low commissions. But the lucky ones who survived were the ones who were paid virtually. Continue reading to discover sectors with recession proof pay.
1. Health industry
Average hourly pay: $23.02
Everybody consults a doctor from time to time, which makes the health care sector a recession proof industry. As the generation grows the need for physical well-being rises resulting in an expansion of health care sector. Sometimes union employees are paid higher salary even during tougher times where the job and salary are assured. Nurses and entry level employees find this important who are not paid the highest salaries. If you are interested in health care industry, look for jobs other than nurse or doctor which are fulfilled by health care aids. To serve the growing elderly people home care aids and physical therapists will be a new opportunity. The Department of labor-U.S expects 24% growth in health care sector by 2018.
Average hourly pay: $26.25
Only few people enroll for careers in government when compared to private sector, but government jobs offer both job and salary stability. Comparatively benefits are better, too: when all the benefits are calculated the average hourly earning of a government employee exceeds $39. Look for social welfare sectors of government, like assistance for elderly people, and also government jobs like shifting of responsibilities from federal government. By 2018 state jobs are expected to rise at the rate of 7 to 8 percent.
3. Armed forces
Average Hourly Pay: $21.63
It’s sure, joining military is not everyone’s idea of fun, but you are paid well. Apart from salary military people are granted other benefits like promotions, tax incentives, and allowance. It’s a sector that keeps up with inflation.
Average hourly pay: $21.63
You may not consider this as an important profession, but it offers a stable pay. Top accountants are paid six figure salaries. With growing business and finance management accounting is becoming a strong pay job.
5. Computer literacy
Average Hourly Pay: $43.35
With a great development in internet technology and related fields in information technology this sector has grown without leaps and bounds. The payment is well above the national average.