Meaning of “job loss” in the English Dictionary

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"job loss" in Business English

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job lossnoun [ C or U ]


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” from the Cambridge Business English Dictionary © Cambridge University Press)