Healthcare Jobs Remain Most Recession-Proof

Includes: IYH, XLV
by: The Good News Economist

Despite the news of job losses and unemployment numbers, there is indeed strong employment opportunity in selected in parts of this economy. In fact several industry segments have actually continued to add jobs throughout this whole recession. Indeed the jobs data shows bright spots — expanding industries that promise new, stable career opportunities.

  • Healthcare. Hiring has continued non-stop at hospital, medical clinics and doctors' offices. Jobs in demand: nurses, lab technicians, physician assistants.
  • Government. Cities, counties and school districts continue to add a great number of jobs -- seven times as many as the federal government. Jobs in demand: educators, police, firefighters and workers connected to infrastructure such as roads.
  • Energy. Oil, gas, coal and electricity production have kept adding jobs, although the pace has slowed since energy prices declined last year. City utility jobs have also continued to increase.

According to BLS data, about 4.4 million people got hired into new jobs in January, and 3 million more openings were available. Granted, those numbers are down sharply from the start of the recession, but don't let anyone tell you there are "no jobs."

More broadly these charts show the last several year's actual job growth and Moody's's forecasted job growth for 2009-12.

With corporations scaling back their layoffs significantly, you can see from the charts when those companies actually begin to contribute to renewed job growth again.