Which sectors are most impacted by income loss and job cuts?

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Agriculture, Livestock, and Fisheries Sectors Most Affected by Income Reduction and Job Losses

The agriculture, livestock, and fisheries sectors have experienced the most significant impact from income reduction and job cuts, with a substantial percentage of workers facing financial hardship. As of the end of March, a considerable portion of individuals employed in these industries reported diminished earnings or outright job termination.
Income Reduction Affects Majority of Workers

A significant majority, specifically 70 percent, of workers within the agriculture, livestock, and fisheries sectors have experienced a reduction in their income. This widespread decrease in earnings indicates a broad economic strain affecting the livelihoods of those employed in these essential industries.
Substantial Job Losses Reported

Beyond income reduction, these sectors have also seen substantial job losses. Reports indicate that 21 percent of workers in agriculture, livestock, and fisheries had lost their jobs by the close of March. This figure highlights the severity of the economic downturn's effect on employment within these areas.
Broader Economic Shockwaves Felt

These impacts on the agriculture, livestock, and fisheries sectors are part of a larger trend of economic shocks affecting vulnerable populations. Daily wage workers, small farmers, and informal workers, who are prevalent in these sectors, are identified as particularly susceptible to such economic downturns, often with minimal or no retirement savings to cushion the blow.

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Which sectors are most impacted by income loss and job cuts?

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