Unemployment Insurance
/ˌʌnɪmˈplɔɪmənt ɪnˈʃʊərəns/
Definitions
- (n.) A government program providing monetary benefits to eligible workers who have lost their jobs involuntarily and meet certain criteria.
After losing his job, he applied for unemployment insurance to receive temporary financial support.
- (n.) Statutory insurance funded by employers and sometimes employees to mitigate the economic impact of unemployment.
Employers contribute to unemployment insurance funds to support workers during layoffs.
Forms
- unemployment insurance
- unemployment insurances
Related terms
See also
Commentary
Unemployment insurance is often codified in labor and social welfare law and varies by jurisdiction; precise eligibility and benefit calculations are key drafting considerations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.