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Unemployment benefit

Unemployment benefit Definition

Unemployment benefits are sums of money given to the unemployed by the government or a compulsory para-governmental insurance system. Depending on the jurisdiction and the status of the person, those sums may be meager, covering only basic needs (thus a form of basic welfare), or may compensate the lost pay somehwat proportionally to the previous earned salary. They often are part of a larger social security scheme.


Additional meaning of Unemployment benefit:

Unemployment benefits are generally given only to those registering as unemployed, and often only conditions ensuring that they seek work and do not have a job.








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