Find Out What Industries Thrive During a Recession
Enduring a economic crisis can be hard and if you do not know where to look it can be depressing. Businesses have to learn how to market themselves during a recession.
The thought of more Americans losing their jobs and the increased threat of hyperinflation has many giving up hope. The economy is headed for a crash.
The interesting thing about double-dip recession news is that there is always a silver lining. Starting a jewelry business is smart. Keeps changing.
One of the things that will happen is while one industry is seeing a decline there will be another one seeing a growth spurt. Sell sewing material online for money.
I was looking at the news the other day and saw some interesting data about the medical field, the oil mining companies and the agriculture farming sector.
Also not all the sectors that are experiencing growth will be easy to detect at first, you will need to get past all the negative news reports to find the real gems.
Businesses that do well when the economy is bad are usually the sin and self serving businesses like alcohol, strip clubs, gaming, and indoor sports.
I like to play cards at home sometimes and I have a neighbor who likes to breed dogs and sell them, mostly bull dogs. It is a good home-based business. Photo: Pixabay
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Learning how industries provide goods and services

Its funny how I do not pay much attention to politics but I have always been fascinated with business and commerce.
Most of the time it is tied to the stock market, and that is where I think job seekers should look if they want to know which companies will be hiring.
Checkout the publicly traded firms on the NASDAQ and see where the growth spurts are located. You will find that it is interesting concept to watch.
Because wealthy investors will not put their money behind an industry that is going to go belly up anytime soon.
Most of the savvy investors are wanting to support start-up companies or veteran industries that show a great return over the long-term.
I will discuss some of the things I have noticed and maybe it will help with you getting employment in the future.
The industries that survive during economic hard times are ones that are able to provide services to people who are in need of food, clothing and shelter.
If you are in the fashion business, grocery store chain or residential real estate you will always be able to contribute and earn no matter how the economy turns out.
Photo: pixabay
Recession Proof Business
Spend Time in Market Research

There are economical reports that are published every quarter and they usually show which industries are seeing a decline and which ones are doing well.
Of course the sector that is always on the list is the Medical field.
This is no surprise but it is interesting to note why the continued growth. One of the biggest reasons is the aging baby boomers.
This group of boomers are going to age gracefully and not be like the generations before them.
This is significant because this means there is the potential to live much longer with the advancements of medical technology.
New developments and breakthroughs happen all the time to improve on pharmaceuticals and find cures for cancer.
If you are unemployed and are wondering what type of jobs are going to be stable for the next decade, it is safe to say that anything that has to do with elderly care, in-home aids or traveling nurses.
Photo: pixabay
Medical Imaging Sonography Career Opportunities
Echocardiography Machine Training
Training for Your Next Job

Online college courses make it easier to obtain your associates degree, or certificate as a medical assistant, dental assistant or surgical technician training.
I always think that if you want to see if your going to like a certain profession, go for the least resistance occupations first.
Be a technician or an assistant to a trained professional.
Ask questions and see what a typical day is like for them. Then you will know if you want to spend more years in college studying for a more advanced role in the industry.
Especially for those considering being a LPN, RN or CNA, you can start quickly as a medical assistant working in a clinic or laboratory. Get some work experience behind you and some references while you study for your the NCLEX.
I don't know why more people do not do this, it seems like it would make things so much easier.
It would be awful to spend several years in school and then finding after graduation that you are not happy in your new career.
Even if you change your mind you will be stuck with a huge school loan to pay back. So instead go for a AA degree or Certificate instead.
Photo: pixabay
Research The Market
Before you finish college or before you do a career change find out which industries will work best with your skills.
Not all industries are created equal, some will do well in a recession while others will not fair well at all.
Evaluate your transferable skills when studying the job market.
Demand in the Biotechnology Fields
Photo: Creative Commons
Biotechnology Career Options
Reasons why these are Industries for Job Growth

The recession is when some companies make the most money because they are positioned to provide the right kind of goods and services to the masses.
A good example of this would be Walmart, they are a discount retailer and they are located in just about every state in the country. Because of the low prices of their products they cater to a larger audience of consumers who are on a budget.
Those who want to save money and get discounted items will shop at walmart for those deals. During a recession companies who can understand the economics of the general consumer can survive and thrive.
Another example would be the online retailer Netflix, they have offered a way for movie lovers to get their favorite DVD's shipped straight to their homes.
It is the convenience factor that plays a big part in their success, they offer something that the current market was not offering, causing extreme growth spurts in a short amount of time.
As you have probably already guessed the entertainment industry does really well during a recession because most people want to escape the depression life of low paying wages and corporate downsizing.
In response most people will turn to television programming, DVD's, or handheld video games. The opportunity to experience the life of make believe and fantasy characters help most of us cope with the daily grind of life.
Companies who are able to produce these types of entertainment devices can see much growth for decades to come.
Photo:pixabay
What Industries do You See Growth in ?
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JoshK47
May 14, 2012 @ 8:26 am | delete
- Popping back in to refresh my Angel dust on this lens! :)
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poutine
May 12, 2012 @ 3:08 pm | delete
- Health care for the baby boomers
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TeamSTM
May 11, 2012 @ 3:12 pm | delete
- Nuclear Fusion and Renewable Energy are my Choices and/or Predictions! :D
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JoanneOtt
Apr 22, 2012 @ 2:44 pm | delete
- Some businesses like retail and supermarkets will always do well because we can't live without food and clothing. I think even many of the higher end ones can continue to thrive because there are still people who can afford them.
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Wealth-seekers
Apr 19, 2012 @ 6:35 pm | delete
- For me Real Estate is a solid investment sector. Yes I know even with it's ups and downs, Oh what a ride when it's up! it's all about location location location. With real estate timing is every thing win win. Is my motto. With all the foreclosures people need help and there are deals to be made. This is just another cycle. Great lens Thanks! It's no secret the housing market is cyclical and in the midst of a painful recreation. Supply and demand are at the heart of changes...This Housing Cycle Is Different. Your lens gets a high five.
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BLemley
Mar 22, 2012 @ 2:10 am | delete
- Great info ~ and encouraging! B : )
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reasonablerobinson
Mar 18, 2012 @ 10:35 am | delete
- renewable energies, seems like a good option
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goo2eyes
Mar 17, 2012 @ 11:42 pm | delete
- i would say software and hardware business are stable. angel blessings for sharing this lens.
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flinnie
Mar 3, 2012 @ 10:05 pm | delete
- Hi great info hear,I have two sister who work in health care.They can all way find work.Thanks for sharing.
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CruiseReady Feb 27, 2012 @ 8:33 am | delete
- Keeping an eye on politics is helpful, too... sometimes, when a burden of new regulations is placed on a certain industry, it begins to struggle in terms of expansion . . .
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mrkensworld Feb 20, 2012 @ 2:01 pm | delete
- Health and wellness is strong for us right now, definitely appears to be recession proof.
I love helping people to make money helping others as you do. To find out more please visit my lens on making money online in a recession proof business Thanks for the great lens!
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SereneSea Feb 17, 2012 @ 11:48 am | delete
- Part-time and contract jobs are more common now, insecurity is the norm, one has to upgrade the skills and watch out for multiple income opportunities.
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Demaw Feb 17, 2012 @ 2:48 am | delete
- Jobs might have growth but will be different. Employers want to cut costs so they hire part-time, per-diem and temps. The benefits and salaries will be less even for full timers.
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KarateKatGraphics Feb 13, 2012 @ 11:03 pm | delete
- I am not sold on online colleges. But I do think trad'l colleges need much much more competition, to curb their excesses & greed. food for thought!
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JoshK47
Feb 7, 2012 @ 12:54 pm | delete
- Very good information here! Blessed by a SquidAngel!
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kathysart
Feb 7, 2012 @ 12:49 pm | delete
- This is such a fantastic lens! It is so helpful to others.. thank you! Angel blessed too.
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skiesgreen
Feb 7, 2012 @ 3:25 am | delete
- In Australia it's the mining industry that is thriving while the retail, agriculture and manufacturing industries are declining. But China is playing a huge role in their demise as wages are so cheap there and even slave labour is used to produce goods that are way below anything we can do here. Good lens and nicely presented information. Blessed and featured on Blessed by Skiesgreen 2012.
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mamabush
Feb 5, 2012 @ 5:08 pm | delete
- This is a great lens! Tons of great info here. :)
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Ysis
Jan 30, 2012 @ 4:36 am | delete
- Thanks for the information. Things in Greece are very different of course, but the main ideas are the same.
Thank you also for visiting my lens on the Greek shepherd's flute. Glad you liked it.
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veryirie
Jan 30, 2012 @ 1:32 am | delete
- My daughter started a day spa in Oregon in Oct of 2010 and it has grown and grown. She is doing very well.
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Tipi
Jan 29, 2012 @ 7:27 pm | delete
- It sure is a a balancing act ant you give good counsel to look before you leap into a training program that may not pay off. Too many people are still paying for education that just didn't help them meet the earning goals they expected.
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flicker
Jan 29, 2012 @ 3:28 pm | delete
- I think the medical field will continue to see growth. And luxury goods, for a while at least.
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poddys
Jan 25, 2012 @ 5:02 pm | delete
- It's hard to tell, retail is not good, even nursing and teaching aren't safe these days, neither is accountancy. I would not recommend IT, as I am in that industry and earning less than I was 20 years ago. The market is saturated and companies do not want to pay wages like they used to.
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cffutah
Jan 24, 2012 @ 9:30 am | delete
- well done article, good tips and things I enjoyed hearing and watching.
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lychiIM
Dec 9, 2011 @ 3:48 pm | delete
- medical field... always high demand.
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