As potential recession looms, these fields have the best job security: report

As potential recession looms, these fields have the best job security: report

(NEXSTAR) – Job security may not initially attract you to a career field; It’s hard to imagine a child dreaming of being a “database administrator” when they grow up, but in times of economic uncertainty, it can be a great asset. .

US News & World Report released its 2023 jobs report, which includes the careers that analysts believe will be the most stable in what could be a turbulent economic year. To determine which jobs have the most security, analysts looked at unemployment rates, future job prospects, growth potential and employer satisfaction.

Not all of the careers on the list require an advanced (and increasingly expensive) college degree. Some of the jobs, like a respiratory therapist, only require an associate’s degree.

US News & World Report analysis has found several career paths in medicine to be especially safe. The stress of the COVID-19 pandemic further worsened the existing shortage of nursing and health care workers. A study published in the journal Health Affairs reported that more than 100,000 nurses left the field in 2021. That number represents nearly 2% of nurses nationwide.

Jobs in medicine are not only safe, they also pay well. According to the report, a health and medical services manager has an average salary of around $101,000. The highest-paying job on the list is orthodontist, with a median salary of more than $200,000.

Check out the 20 safest jobs in 2023, according to US News & World Report, below:

Worked Average wage required education
respiratory therapist $61,830 associate degree
Web developer $77,030 degree
cardiovascular technologist $60,570 associate degree
Epidemiologist/Medical Scientist $78,830 master’s degree
financial analyst $81,730 degree
Technician in science and environmental protection. $47,370 associate degree
school psychologist $78,780 master’s degree
Database administrator $96,710 degree
registered nurse $77,600 degree
Health and Medical Services Manager $101,340 degree
landscaper and gardener $34,430 Neither
Vet $100,370 doctorate or professional degree
medical records technician $46,660 Untitled Post-Secondary Award
Physiotherapist $95,620 doctorate or professional degree
information security analyst $102,600 degree
Orthodontist $208,000 doctorate or professional degree
Medical assistant $121,530 master’s degree
Dentist $160,370 doctorate or professional degree
Software developer $120,730 degree
nurse practitioner $120,680 master’s degree

While skyrocketing inflation, sluggish consumer spending and high interest rates have economists predicting a recession in 2023, the job market remains strong. In addition, inflation has started to show signs that it is declining.

These trends are raising expectations that the Fed could manage to engineer an often elusive “soft landing,” whereby the economy slows but doesn’t regress and the unemployment rate rises slightly but stays low. It would still mean painful times for many people. But it would not inflict the widespread unemployment that normally results from a recession.

Associated Press contributed to this report.

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