Experts are predicting "a recession unlike any other" as the coronavirus epidemic continues to spread, slowing down the U.S. economy, as MarketWatch reported Thursday.
Millions have lost their jobs but certain industries appear to be bulletproof in the face of a recession, as highlighted by GOBankingRates. Here we look at 10 of those:
1. Budget Analyst
- Median hourly wage: $36.65
- Median annual wage: $76,220
Demand for Budget analysts, who provide financial advice to public institutions, is expected to grow. Should a recession strike, governments will still need help managing funds.
2. Conservation Scientist
- Median hourly wage: $29.49
- Median annual wage: $61,340
The need for wildfire prevention will increase the need for conservation scientists, who work for federal, state and local governments.
3. Epidemiologist
- Median hourly wage: $33.49
- Median annual wage: $69,660
Epidemiologists are the ones battling against the spread of coronavirus. These scientists, who work at federal agencies, are responsible for understanding and working to contain disease and viruses.
4. Firefighter
- Median hourly wage: $23.85
- Median annual wage: $49,620
There will always be fires, which means there will always be a need for firefighters to respond to emergencies.
5. Police Officer
- Median hourly wage: $30.47
- Median annual wage: $63,380
Communities require protection and the demand for police officers will continue to grow.
6. Urban Planner
- Median hourly wage: $35.12
- Median annual wage: $73,050
The role of an urban planner is to plan for the use of land. Their job takes community development and community development into account, which will be in demand as cities grow.
7. Home Health Aide
- Median hourly wage: $11.57
- Median annual wage: $24,060
The elderly are living longer, which increases the demand for home health aides, who care for seniors with physical disabilities and cognitive impairments.
8. Medical Assistant
- Median hourly wage: $16.16
- Median annual wage: $33,610
Hospitals, doctors, and healthcare facilities all require someone to assist with both clinical and administrative tasks, which is where medical assistants come in. Demand for medical care will increase over the next few years, which will in turn increase the demand for medical assistants.
9. Accountant and Auditor
- Median hourly wage: $33.89
- Median annual wage: $70,500
Most individuals and businesses seek out the assistance of accountants and auditors when it comes to preparing their financial and tax records. Many businesses may shutter amid the coronavirus epidemic, but many others will continue to operate, leaving accountants and auditors in demand.
10. Animal Care Worker
- Median hourly wage: $11.51
- Median annual wage: $23,950
An animal care worker can assist in caring for animals in various settings, including animal rescue organizations, shelters, zoos, and veterinary clinics. Their role is considered an essential service to most communities.
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Zoe Papadakis ✉
Zoe Papadakis is a Newsmax writer based in South Africa with two decades of experience specializing in media and entertainment. She has been in the news industry as a reporter, writer and editor for newspapers, magazine and websites.
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