Many of these jobs are in non-cyclical businesses (healthcare, food service, and manufacturing), which shows that companies are starting to invest for growth.
Due to the non-cyclical demand for their product and above average costs to relocate, healthcare tenants also prefer long-term leases to make their expenses predictable.
The individual stocks added to the portfolios mostly come from health care, like Davita and Pfizer, or from other consumer non-cyclical companies like Kroger and Procter and Gamble.
In a declining economy, intelligent investors allocate most of their funds into government debt and non-cyclical equities, examining carefully the economic and financial conditions of each corporation they consider including in their portfolio.