Engineering Jobs that are Recession-Proof
There has been a lot of buzz about the economy lately. While all major indicators remain strong, lingering inflation has some people worried that we may be heading for a recession. Fortunately, engineering jobs are often referred to as “recession proof.” This is a relatively safe and stable career field to be in during times of recession. And some engineering jobs are even more recession-proof than others. Here’s what you need to know.
Infrastructure
The bipartisan Infrastructure Investment and Jobs Act, which passed in 2021, is arguably the best assurance that engineering jobs are here to stay. The law designated more than $550 billion for projects ranging from rebuilding roads and bridges to replacing lead water pipes across the country. This will certainly bring a lot of demand for civil and mechanical engineers, but virtually all types of engineering will benefit. Industrial engineers will be needed to manage projects. Software engineers will be needed to help with the expansion of rural broadband internet services. And with these new projects happening from coast to coast, you can benefit regardless of your geographical location.
Essential Services
Outside of new infrastructure projects, essential services will always be in demand. Engineering jobs in power, water, food processing, pharmaceuticals, and other basic life-sustaining fields are generally considered recession-proof. And while vehicles may not be “essential,” car manufacturers are in the midst of transitioning away from fossil fuels, which makes engineering jobs in both auto manufacturing and green energy reasonably safe.
Software Engineering
It is true that some of the biggest tech companies are currently going through layoffs. But Software as a Service (SAAS) and the Internet of Things (IoT) continue to experience incredible demand. Software engineers are likely to land on their feet, even if they need to change jobs.
There is no guarantee that your specific role, at your specific company, will weather a recession. But engineers are a vital part of nearly every industry across the country. Between consumer demand, essential services, and a massive federal investment in infrastructure, engineering jobs are likely to remain readily available even if a recession should hit.
About PEAK
PEAK Technical Consulting has created connections with employers nationwide, where you can find projects and roles to make the most of your abilities and advance your career. Since 1968, PEAK has helped engineering professionals find jobs that offer flexibility, challenges and rewards. We are committed to giving you the resources and support you need to build the career of your dreams.
If you are looking for employers and opportunities that will take your engineering career to the next level and help you to achieve your goals, contact a PEAK recruitment expert today.