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- Dictionaryunemployment benefit
noun
- 1. payment made by the state or, in the US, a trade union, to an unemployed person.
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Aug 29, 2021 · Benefits Of An Unemployment Insurance Scheme In Singapore. A formal unemployment insurance scheme will take the uncertainty of a payout out of the equation. Eligible workers who lose their jobs – regardless of whether the employer can afford it or want to pay it – will receive unemployment benefits.
Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by governmental bodies to unemployed people.
UNEMPLOYMENT BENEFIT definition: 1. money that the government pays to unemployed people who are looking for a job 2. money that the…. Learn more.
money paid by the government to somebody who is unemployed. people on (= receiving) unemployment benefit; Applications for unemployment benefits dropped last month. see also Jobseeker’s Allowance
Sep 7, 2023 · Unemployment insurance (UI), also called unemployment benefits, is a type of state-provided insurance that pays money to individuals weekly when they lose their jobs and meet certain...
Unemployment benefit definition: an allowance of money paid, usually weekly, to an unemployed worker by a state or federal agency or by the worker's labor union or former employer during all or part of the period of unemployment.. See examples of UNEMPLOYMENT BENEFIT used in a sentence.
Jun 11, 2024 · Key Takeaways. Unemployment occurs when workers who want to work are unable to find jobs. High rates of unemployment signal economic distress while extremely low rates of unemployment may signal...
