Can you suggest some actions the government can take to stem the job loss?

The government can implement targeted fiscal policies, such as providing financial aid and tax incentives to struggling industries to preserve jobs. Investing in workforce development programs that focus on reskilling and upskilling workers can help them transition to in-demand sectors. Additionally, increasing support for small businesses through grants and low-interest loans can foster job creation and retention. Lastly, enhancing unemployment benefits can provide immediate relief for those affected while they seek new employment opportunities.