Being unemployed and bankrupt is a situation that surely many want to avoid. Having no source of income, no job, and being bankrupt is an extremely stressful situation and could even cause someone to suffer from severe depression. Before anything like that happens, there are still ways you can effectively evade unemployment bankruptcy and here is how.
One of the most effective ways to avoid unemployment bankruptcy is by making sure that you are immune to it. How to build this immunity? It is actually quite simple. The general principle is to look for a career in an industry that is virtually recession proof. In doing this you are very far from the possibility of being affected by the global economic crisis, thus away from a loss of job and unemployment bankruptcy.
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Here are some industries that virtually have no need for any unemployment help since these booms even in the face of severe economic crisis.
Working in the entertainment industry is one way of making yourself recession proof. This is one of the fastest growing industries in our world today. It generates a lot of jobs and is not directly affected if prices of raw materials increase since this is a service-oriented industry. Most of their capital is placed on keeping their audience happy and willing to pay more just to enjoy. Indirectly, it benefits from a depressed economy since it is only human nature for us to seek some form of amusement when we feel down and depressed.
With the advent of computers came the increased demand for information technology specialists. Getting a job related to computers or anything electronic will surely save you from being jobless.
The recent events in our global economy has made the demand for accountants even stronger. The need for good accounting practices and flawless auditing for both large and small companies is due to the rising number of companies who go into foreclosure or bankruptcy because of internal problems linked to accounting management.
Tough times usually result in a rising number of crimes. Some factors might be due to difficulty in adjusting, depression, and others. Since crime is directly related to the economy's present condition, getting a job in law enforcement is only practical with things not looking so good now.
The most obvious job that benefits from recessions and economic crisis are bankruptcy lawyers. For reasons that are very obvious, the irony is that these attorneys earn well despite having financially unstable clients who may be dealing with unemployment bankruptcy.
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