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English definition of “job loss”

job loss

noun [C or U]     HR, ECONOMICS
a situation in which people lose their jobs : Mounting job loss is having a noticeable effect on consumer spending . The centre will be a resource for people who need advice and financial help after a job loss or serious illness . Car plants and factories throughout the country have seen major job losses .
(Definition of job loss noun from the Cambridge Business English Dictionary © Cambridge University Press)
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