According to the Conference Board: These industries could be the first to face recession layoffs in 2023

If you're a college professor, your job is probably safe during a recession. work in transportation? Maybe you should start brushing up your resume.
That's according to the Conference Board, a nonprofit economics think tank, which released an analysis Wednesday showing which industries are most likely to lose jobs if the long-anticipated recession hits.

The board's new Job Loss Risk Index takes into account a number of factors, including how sensitive industries are to rising interest rates, employment trends from before the pandemic and how college-educated the workforce is

Industries at risk in predicted recession

The Conference Board rates industries based on how vulnerable they are to job losses if the economy hits a recession, as many economists anticipate is likely before the end of the year. Higher numbers are at greater risk.

It may not be too surprising that the information services industry—the industry that includes tech companies and media companies—topped the list, given the high-profile waves of layoffs in the sector. According to the analysis, the most secure jobs are found in private educational services, including universities and colleges, where labor demand remains constant regardless of the state of the economy.

Fortunately for workers, Conference Board economists say employers may be reluctant to lay off people who were difficult and costly to recruit in the first place because of ongoing labor shortages. This means that there is likely to be less loss of jobs this time than in the previous recession.