What Is 'Unemployment Insurance'?

Unemployment insurance is a benefit for workers who meet eligibility criteria and have lost their jobs. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Term of the Day | Words to Know Unemployment Insurance Unemployment insurance, also called unemployment benefits, is a type of state-provided insurance that pays out when you lose your job and meet certain eligibility requirements. You will not receive unemployment benefits if you quit your job, are self-employed, or if you are fired for cause. The benefits are primarily paid out by state governments and funded by specific payroll taxes collected for that purpose. Read More » Related to "Unemployment Insurance" Government Stimulus Efforts to Fight the COVID-19 Crisis Governments and Central Banks are implementing stimulus measures all around the world to fight the economic disruption of COVID-19. Here's what they're doing. Read More » The Cost of Unemployment to the Economy Unemployment carries many costs for an economy, both obvious and hidden. Read More » 7 Effective Ways to Prepare for a Layoff Getting laid off is never fun, but there are ways you can prepare yourself emotionally and financially to best manage a layoff. Read More » SPONSORED BY SMARTASSET Financial Advisor Mistakes to Avoid Choosing a financial advisor is a major decision that can determine your financial trajectory for years to come. SmartAsset offers tips on common mistakes to avoid. Learn More » Related Definitions Income Income is money that an individual or business receives, usually in exchange for providing a good or service or through investing capital. Read More » Layoff A layoff is when an employer suspends or terminates a worker, either temporarily or permanently, for business reasons rather than employee performance. Read More » Unemployment Rate The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work. Read More » Unemployment Claim An unemployment claim is a request made by an individual to a state government to receive temporary payments after having been laid off from a job. Read More » CONNECT WITH INVESTOPEDIA Email sent to: mondemand.forex@blogger.com To update your newsletter preferences or unsubscribe, click here. 114 West 41st St, floor 8 New York NY 10036 © 2020, Investopedia, LLC, All Rights Reserved | Privacy Policy