Payscale has released a report identifying what it called the most “recession proof” jobs this year, all of whom saw double-digit salary increases.
The compensation software company 2022 Year-End Featured Jobs Report ranked waiter or waitress positions as “least affected by a recession.” The survey found that the median annual salary for servers is $19,900, representing 30% year-over-year salary growth.
A combination of factors, including labor shortages and competition, makes the top-ranked servers and other jobs on Payscale’s list “recession-proof.” according to The report.
The waiter/waitress was followed by private bankerwho had a median salary of $93,000 and salary growth of 25% this year. Media Director ranked third, offering a median salary of $108,000 and salary growth of 23%. Media directors handle marketing materials, press releases, and advertising campaigns.
salary scale position police, fire or ambulance dispatcher, with median annual salary of $44,500 with 19% growth, ranked #4.
Fifth among the top “recession-proof” jobs was sales consultant, a position that Payscale said had a median salary of $56,800 and growth of 18%.
Rounding out the report’s top 10 were:
- Microbiologist ($59,900);
- director of marketing and business development ($119,000);
- dock worker ($41,100);
- electrocardiogram technician ($40,400); Y
- Installation Technician ($46,800).
Their salary growth was 15% year-over-year, apart from the director of marketing and development, which was 16%.
Other jobs considered “recession-proof” by Payscale that saw 15% year-over-year wage growth include:
- Assembly Line Machine Operator ($37,200);
- bookkeeping, accounting or auditing clerk ($47,300);
- Tanker driver ($58,100); Y
- Journalist ($46,500).
With 14% salary growth, these jobs are also on the list:
- graphic design manager ($69,700);
- Pastry chef ($43,400);
- diversity manager ($97,100);
- education coordinator ($51,800);
- PhD in environmental sciences ($73,800); Y
- Auto Damage Estimator ($60,300)
The clearing software company created its “recession proofwork list through the analysis of more than 1.1 million salary profiles completed by workers between October 2021 and October of this year.
The labor market remains tight
The report came amid a still-tight job market and concerns about a potential economic recession in 202
On Thursday, the Department of Labor reported Initial unemployment insurance claims for the week ending Dec. 17 reached 216,000, up 2,000 from the week before, and continuing claims for the week ending Dec. 10 were 1.672 million. Economists polled by Reuters had forecast 222,000 initial applications.
Some 263,000 jobs They were added by employers in the US in November, according to the department’s monthly payroll report released earlier in the month.
Meanwhile, concerns have persisted recently that the Federal Reserve’s rate hikes, triggered by stubbornly high inflation, could send the economy into recession. in a Bloomberg survey out of 38 economists, the probability of one occurring in the next year rose 5% from the previous month to 70%.
Megan Henney contributed to this report.