What Industries are the Most Vulnerable During a Recession?
As the economy is still looking bleak, what are the jobs that are historically the most at risk during rocky economical times? Certain industries fare far worse than others in a recession but, which professions are most likely to start laying off employees in a bid to ride out the rough times? Here are some of the most vulnerable:
Airlines and Transportation – In a slow economy less goods are bought and sold so there is a decreased need for commercial transportation, which often translates into job losses for drivers and other workers involved in the transportation industry. In the case of the airlines during a recession people tend to cut back their travel time – for both business and personal trips – to the bare minimum, often resulting in layoffs across the board.
