Unemployment Insurance

Unemployment Insurance is a government program that provides financial assistance to individuals who lose their jobs through no fault of their own. It helps them meet basic living expenses while they search for new employment. Funded by taxes on employers, this program typically pays a portion of a person's previous wages for a limited time. Eligibility requirements vary by state, but generally include having worked a certain amount of time and actively looking for work. The goal is to support workers during transitions and help stabilize the economy during times of high unemployment.