Bad Times Spur a Flight to Jobs Viewed as Safe

The New York Times reports:

After years of struggling to get their wages up, the nation’s workers are trying to find jobs that will simply last, at least through the deep recession.

Fearing layoffs, investment bankers at a Merrill Lynch or a Morgan Stanley are joining small Wall Street firms for less pay but with signed employment guarantees. Academics are migrating to community colleges, which are adding teachers as enrollment rises. And in Eastern Wisconsin, workers furloughed from a paper mill they fear will not reopen are training as truck drivers and welders.

“Looking online and in newspapers and talking to my instructors, I’ve decided that trucking and welding stand out as jobs that are available and will continue to be available, and a lot of my friends agree,” said Dan Geneen, who has picked up a truck-driving certificate and is learning welding since he was let go by the paper mill last fall.

Trucker and welder are hardly glamorous careers to most Americans. But there is a new allure developing around jobs likely to keep a person employed, at reasonable pay, through a prolonged downturn. Government employment once offered that promise, certainly in the Great Depression. But government hiring is less than robust now, at 181,000 additions over the last year, mostly at the state and local level. That is far from offsetting the 2.5 million jobs lost in the 13 months of recession.

The bull market in governmenthiring seems to never stop!