In September 2011,Bank of America laid off 30,000 employees.The laid-off employees who were not able to find jobs at another bank due to a permanent decline in business in the financial industry would be considered

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Structural unemployment occurs when there is a long-term decline in demand for certain skills or jobs due to changes in technology, markets, or the economy as a whole. In this case, Bank of America laid off employees due to a permanent decline in business, which suggests a structural shift in the financial industry. The laid-off employees who couldn't find jobs elsewhere in the financial industry due to lack of demand for their skills or expertise would be considered structurally unemployed.

In September 2011,Bank of America Laid Off 30,000 Employees