Saturday, February 1, 2014

Introduction to Unemployment Insurance — Center on Budget and Policy Priorities

 The federal-state unemployment insurance system (UI) helps many people
who have lost their jobs by temporarily replacing part of their wages
while they look for work.  Created in 1935, it is a form of social
insurance, with contributions being paid into the system on behalf of
working people so that they have income support if they lose their
jobs.  The system also helps sustain consumer demand during economic
downturns by providing a continuing stream of dollars for families to
spend.



Introduction to Unemployment Insurance — Center on Budget and Policy Priorities

1 comment:

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