72 Recession-Proof Industries

Of the 1,012 industries tracked by the Bureau of Labor Statistics (BLS), 72 grew faster than the available workforce during the recessions of 1990 and 2001, and in 2007. These 72 industries are the most likely to be recession-proof in the future.

The table below shows the 12-month growth for each industry, plus the next-higher levels of their industry structure to put them in context.

Industry 1990 2001 2007 Natural resources and mining Construction Specialty trade contractors Building finishing contractors 1 Other residential trade contractors 4% 4% 7% Manufacturing Durable goods Machinery Turbine and power transmission equipment 2 Turbine and turbine generator set units 6% 12% 2% Nondurable goods Food manufacturing Animal slaughtering and processing 3 Poultry processing 2% 2% 2% Chemicals Pharmaceuticals and medicines 4 Miscellaneous medicinal and biological products 7% 2% 5% Wholesale trade Durable goods Commercial equipment 5 Medical equipment 7% 4% 6% Retail trade Miscellaneous store retailers Other miscellaneous store retailers 6 Pet and pet supplies stores 3% 3% 8% Transportation and warehousing Transit and ground passenger transportation 7 School and employee bus transportation 5% 4% 4% 8 Other ground passenger transportation 12% 5% 4% Support activities for transportation Support activities for road transportation 9 Motor vehicle towing 6% 2% 4% Utilities 10 Water, sewage and other systems 4% 2% 8% Information Financial activities Finance and insurance Credit intermediation and related activities Nondepository credit intermediation 11 Consumer lending 3% 8% 9% Activities related to credit intermediation 12 Financial transaction processing and clearing 2% 6% 8% Other financial investment activities 13 Portfolio management 6% 2% 5% 14 Investment advice 4% 11% 11% Insurance carriers and related activities Insurance carriers Direct life and health insurance carriers 15 Direct health and medical insurance carriers 7% 2% 3% Real estate and rental and leasing Real estate Lessors of real estate 16 Miniwarehouse and self-storage unit operators 4% 11% 3% Professional and business services Professional and technical services Accounting and bookkeeping services 17 Tax preparation services 40% 8% 39% Management and technical consulting services 18 Process and logistics consulting services 3% 3% 4% 19 Environmental consulting services 9% 5% 10% 20 Other technical consulting services 8% 15% 18% Other professional and technical services 21 Veterinary services 6% 4% 4% Administrative and waste services Administrative and support services 22 Facilities support services 7% 1% 7% Investigation and security services Security and armored car services 23 Security guards & patrols & armored car serv. 3% 6% 3% Educational services 24 Elementary and secondary schools 3% 4% 2% 25 Junior colleges 8% 7% 7% 26 Colleges and universities 1% 7% 2% Other schools and instruction 27 Fine arts schools 11% 3% 8% 28 Sports and recreation instruction 11% 12% 8% 29 Miscellaneous schools and instruction 10% 5% 6% 30 Educational support services 10% 11% 20% Health care and social assistance Health care 31 Ambulatory health care services 6% 4% 4% Offices of physicians 32 Offices of physicians, except mental health 5% 4% 3% 33 Offices of dentists 2% 2% 4% Offices of other health practitioners 34 Offices of specialty therapists 15% 7% 7% 35 Offices of all other health practitioners 10% 7% 8% 36 Offices of podiatrists 7% 3% 3% 37 Offices of miscellaneous health practitioners 15% 11% 11% Outpatient care centers 38 Outpatient care centers, except mental health 4% 3% 3% 39 HMO medical centers 5% 2% 3% 40 Kidney dialysis centers 4% 6% 2% 41 Freestanding emergency medical centers 5% 5% 5% Medical and diagnostic laboratories 42 Medical laboratories 4% 3% 3% 43 Home health care services 19% 5% 7% Other ambulatory health care services 44 Ambulance services 11% 1% 7% 45 All other ambulatory health care services 4% 7% 4% 46 Blood and organ banks 5% 8% 5% 47 Miscellaneous ambulatory health care services 4% 5% 1% Hospitals 48 General medical and surgical hospitals 3% 3% 2% 49 Psychiatric and substance abuse hospitals 1% 3% 2% 50 Other hospitals 8% 7% 5% Nursing and residential care facilities 51 Nursing care facilities 6% 2% 2% Residential mental health facilities 52 Residential mental retardation facilities 7% 4% 4% 53 Residential mental and substance abuse care 8% 4% 4% Community care facilities for the elderly 54 Continuing care retirement communities 2% 6% 4% 55 Homes for the elderly 9% 7% 3% 56 Other residential care facilities 9% 3% 2% Social assistance Individual and family services 57 Child and youth services 8% 2% 7% 58 Services for the elderly and disabled 8% 11% 7% 59 Other individual and family services 8% 8% 3% Emergency and other relief services 60 Community housing, emergency, and relief 8% 7% 3% 61 Child day care services 7% 4% 2% Leisure and hospitality Arts, entertainment, and recreation Performing arts and spectator sports 62 Arts & sports promoters, agents and managers 7% 7% 6% Museums, historical sites, zoos, and parks 63 Zoos, botanical gardens, nature parks, & similar 6% 3% 10% Amusements, gambling, and recreation Amusement parks and arcades 64 Amusement and theme parks 12% 3% 5% Other amusement and recreation industries 65 Golf courses and country clubs 7% 5% 3% 66 Marinas 6% 2% 20% 67 Fitness and recreational sports centers 2% 2% 2% Other services Personal and laundry services Personal care services 68 Nail salons 2% 9% 9% Membership associations and organizations Grantmaking and giving services 69 Grantmaking foundations 14% 19% 5% Professional and similar organizations 70 Professional organizations 2% 6% 2% Government Local government 71 Local government transportation 6% 4% 2% 72 Local government general administration 1% 2% 2%

Updates will be posted on the Targeting page of JobBait.com.

Comments

[Joan Peterkin]

Thank you, It is good to know that the Financial Services Industry is Recession Proof as our Region is new and is looking for new consultants.
Thanks for the information.

Joan Peterkin

[Joan Peterkin]

okay