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Leverage In The Workforce: Has Job Security Been A Myth? By definition, job security is the amount of job loss risk an individual has in their job. It is transient and is quite dependent on the state of the countrys economy and prevailing business conditions. It has been found the people have more job security in times of economic expansion, and less in times of a recession. Nowadays, job security has taken on a new meaning, referring to security you...... Similar Editorial : Americas Workforce by Kelley L. Jones. | Source : Job Corps