Recession-Proof Industries | Only 2 Industries Have Recovered All The Jobs Lost

Only 2 Industries Have Recovered All The Jobs Lost In The Recession – Business Insider

Business Insider looks at the jobs recovery by various industries.

The table below shows that the Leisure & Hospitality and Mining industry have recovered all the jobs lost during the Great Recession.  The recovery has produced 1.25 million Professional Service jobs, almost 83 percent of those lost during the recession.

Manufacturing has recovered only 21 percent of jobs losses, financial services 11 percent, retail and wholesale trade 25 percent,  with construction faring the worst in the private sector, recovering only 1.1 percent of the 1.95 million job lost during the housing bust led recession.   No wonder policymakers are so anxious about a housing market recovery…

Source:

via Only 2 Industries Have Recovered All The Jobs Lost In The Recession – Business Insider.

Recession-Proof Industries | MintLife Blog | Personal Finance News & Advice

These industries cater to ongoing demand. If a business provides goods or services fitting this profile, its odds of weathering economic storms are better than those that don’t. This is why medical and diagnostic laboratories saw 8.22 percent gains in 2009, a brutal year in the recession in which many businesses had a hard time staying in the black.

The following industries not only survived the recession, but thrived. They are listed alphabetically.

Accounting, Tax Preparation, Bookkeeping and Payroll Services

2010-11 (Combined average): 5.70%
Best year: 2006 (11.14%)
Worst year: 2009 (3.50%)

Beer, Wine, and Distilled Alcoholic Beverages Merchant Wholesalers

2010-11 (Combined average): 3.22%
Best year: 2007 (6.62%)
Worst year: 2010-11 (3.22%)

Child Care

2010-11 (Combined average): 6.19%
Best year: 2007 (9.23%)
Worst year: 2009 (3.15%)

Computer Systems Design and Related Services

2010-11 (Combined average): 17.58%
Best year: 2006 (20.73%)
Worst year: 2009 (6.03%)

Death Services

2010-11 (Combined average): 2.84%
Best year: 2008 (7.10%)
Worst year: 2009 (1.36%)

Dental Care

2010-11 (Combined average): 2.98%
Best year: 2007 (6.37%)
Worst year: 2009 (1.60%)

Nursing Care

2010-11 (Combined average): 4.28%
Best year: 2007 (6.12%)
Worst year: 2010-11 (4.28%)

Physical, Occupational and Speech Therapists, and Audiologists

2010-11 (Combined average): 6.70%
Best year: 2009 (12.57%)
Worst year: 2010-11 (6.70%)

Physicians

2010-11 (Combined average): 4.65%
Best year: 2007 (7.71%)
Worst year: 2010-11 (4.65%)

Specialty Food Stores

2010-11 (Combined average): 4.92%
Best year: 2007 (7.44%)
Worst year: 2009 (1.32%)

Source:

Recession-Proof Industries | MintLife Blog | Personal Finance News & Advice.