unemployment rate, The percentage of people in the workforce who do not have a job but are actively looking for one, anticipate, To expect or predict that something will happen and prepare for it in advance, on the brink of, Very close to experiencing a major event or change, usually something serious or significant, vicious circle, A situation in which one problem causes another problem, which then makes the original problem worse, make redundant, To dismiss an employee because their position is no longer required, rather than because of poor performance, cumulative, Increasing gradually as more amounts, effects or events are added over time, revenue, The total income generated by a company or organisation through its normal business activities, embrace the change, To accept a new situation willingly and adapt to it with a positive attitude

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