Business and Finance: Growing Businesses cut payroll too in these harsh times

From the time of the 2008-2009 recession and slow recovery, this contributes to the financial crisis we as a country has faced. Because of this major setback, going along with tremendous debts and other reasons that cause consumers to spend less in order to prevent their debts from growing. Businesses, as well as consumers are investing less so that they don’t have to get enormous loans from the government, digging hem more into a financial hole. Because employers are having a hard time getting their products sold, in order for them to still stay on the market they have to lay off workers, cut payrolls, and cut back on hiring as well.
Economist Paul Krugman points out that consumer spending has dropped dramatically in the past few years as well as business investment. Industries such as manufacturing, home construction, and retail businesses are still suffering from the drop in consumer sales. These industries depend on their consumers to bring in enough money to support the industries needs.
Based on analysis one of the only industries that has not been affected by decrease in customer demand is Wireless Telecommunications. Also known as cell phone companies to the open public. Since 2007 customer demand in Wireless Telecommunications increased from 255 million to 303 million an increase of 15 percent in sales. Although there is continued demand  growth in telecommunications, they are still cutting employment but at a faster rate than employers in other industries.
Two industries that grew over 10 percent which are education and health care with employment increasing as well. The number of full time employment decreased by 2.2 million in a combination of nine industries. Although employment is low, businesses that are growing still manage to get by with fewer employees.

Elaboration Point:
The Great Depression in 1929
The Great Depression in 1929 was an economic downfall of the United States that put millions of Americans out of work. This was the beginning of the Government becoming involved in the economic and social needs as a whole. The depression took place from 1929 to the early 1940s.
Stock Market Crash: As stock prices went down dramatically with no hope of recovery, many people began to panic. Although many people tried to sell their stock, no one was buying because the economy was so bad. At one time the stock market which appeared to be the most guaranteed way to become rich now became the surest way into bankruptcy. Businesses and industries became affected as well. They were losing much of their own earnings in the Stock Market Crash or bank closures. Either way, this hurt their investments at a great cost. As President Roosevelt took leadership over America, many people considered him to be a hero as he made great efforts to end the Great Depression. With his New Deal Programs, this greatly contributed to the end coming of this economic depression. The major turn around for the Great Depression happened briefly after Pear Harbor and the introduction to World War II, the U.S was involved in the war. Both the people and industries of America  became essential to the war effort. With weapons, artillery, ships, and airplanes being needed in a hurry, in the meantime this helped the United States overcome the depression.