October 6, 2022

This Is The Career With The Best Job Security – 24/7 Wall St.

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The job market in the U.S has changed considerably since the start of the COVID-19 pandemic. As the pandemic began in March and April 2020, the U.S. jobless rate jumped above 10%. Since then, it has fallen to 3.6%. Employers in many industries scramble to get new workers today. Worker shortages in some of these sectors are extraordinary. This has made job security high in a number of professions.

As the job market recovered throughout 2021, there were a handful of professions that helped lower the unemployment rate. According to data from the Bureau of Labor Statistics, there were dozens of career fields that had unemployment rates well below 2% in 2021.

To determine the career with the best job security, 24/7 Wall St. reviewed data on the unemployment rate for over 500 detailed occupations from the Bureau of Labor Statistics’ Current Population Survey.

Most of the jobs we reviewed for best job security are in STEM (science, technology, engineering, and math) fields – particularly medical careers like pharmacists and nurse practitioners, as well as tech jobs like software developers and IT security analysts. These highly-specialized fields tend to pay well, mostly above the median annual wage across all jobs of $56,310.

Nearly all of the jobs we looked at to determine the best job security typically require at least some form of secondary education – anywhere from an associate’s degree to a doctorate degree. However, a handful of these positions generally do not require any education beyond a high school diploma.

The career with the best job security is religious activities and education directors. Here are the details:

> Unemployment rate: 0.2%
> Labor force: 67,000
> Median annual wage: $45,110
> Projected employment change 2020-2030: +2.1%
> Typical entry-level education requirement: Bachelor’s degree

Methodology: To determine the career with the best job security, 24/7 Wall St. reviewed data on unemployment rate for over 500 detailed occupations from the Bureau of Labor Statistics’ Current Population Survey. Detailed occupations were ranked based on the percentage of the labor force that was unemployed as of 2021. Unemployed members of an occupational labor force need to have been last employed in this occupation prior to unemployment. Only occupations whose labor forces were 50,000 or greater were considered. Broad occupation titles classified as “all other” were excluded from consideration.

Supplemental data on median annual wage came from the BLS Occupational Employment and Wage Statistics and are for 2020. Data on projected employment change from 2020 to 2030 and the typical education requirement for entry-level positions within the profession came from the BLS Employment Projections program.

Click here to read Careers With the Best Job Security

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