Financial Activities
2007 unemployment rate: 2.7%
Peak unemployment rate during Great Recession: 7.7%
Change of unemployment rate during Great Recession: 185.19%
2020 unemployment rate: 1.6%
Projected future recession peak unemployment rate: 4.6%
The expected unemployment rate in the field of financial services is among the lowest on our list. More than that, financial services are paid quite well, compared to other jobs.
Accountant and Auditor
Median hourly wage: $33.89
Median annual wage: $70,500
Even if we are hit with a recession, we still need to file our taxes, right? For this very reason, accountants and auditors have one of the most recession-proof jobs out there. Individuals and businesses will still need help with their financial and tax records to avoid making mistakes that could cost them way more in the long term. Auditors are also required to perform audits for publicly traded companies.
Both jobs require a bachelor’s degree in accounting and various accounting certifications and licenses such as the CPA.
Loan Officer
Median hourly wage: $30.31
Median annual wage: $63,040
Loan officers are specialists working in banks, credit unions, mortgage companies and other financial institutions, who provide assistance to customers in applying for loans and cultivating their businesses. According to the Bureau of Labor Statistics, employment in this sector will see the fastest rise, compared to the average employment growth. Read also 7 Jobs That Didn’t Exist 10 Years Ago.
