It goes round putting a woman out of employment (8)
I believe the answer is:
carousel
'it goes round' is the definition.
The definition suggests a singular noun which matches the answer.
'a woman out of employment' is the wordplay.
'a woman' becomes 'carol' ().
'out of' means one lot of letters goes inside another.
'employment' becomes 'use' (synonyms).
'carol' placed around 'use' is 'CAROUSEL'.
'putting' acts as a link.
Can you help me to learn more?
(Other definitions for carousel that I've seen before include "luggage mover at Heathrow?" , "Musical - merry-go-round" , "it's located in 'Arrivals'" , "A closure (anag.)" , "Luggage conveyor belt and fairground ride" .)