After the financial crisis in 2007, many firms laid off workers who struggled to find new work during the recession. These workers experienced:

Name: After the financial crisis in 2007, many firms laid off workers who struggled to find new work during the recession. These workers experienced:
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

Cyclical unemployment occurs due to downturns in the business cycle, such as during a recession, when there is insufficient demand for goods and services, leading to job losses.

After the Financial Crisis in 2007, Many Firms Laid Off