DEFINITION of 'Federal-State Unemployment Compensation Program'

A social safety net that provides temporary financial assistance to workers who have lost their jobs through no fault of their own. Each state has its own unemployment compensation program and its own qualification guidelines and benefit amounts. The state programs operate within overall guidelines created by federal law. Also known as "unemployment insurance".

BREAKING DOWN 'Federal-State Unemployment Compensation Program'

In times of high regional or national unemployment, benefits may be extended in 13-week increments. For example, when a state's unemployment rate reaches a certain level, federal regulations may require the state to extend the length of eligibility for unemployment benefits to a total of 39 weeks. In times of national hardship or crisis, Congress may enact legislation extending the length of benefits nationwide.

RELATED TERMS
  1. Continuing Claims

    Continuing claims refers to unemployed workers that qualify for ...
  2. Unemployment Claim

    A request made by an individual to the state government to receive ...
  3. Structural Unemployment

    A longer-lasting form of unemployment caused by fundamental shifts ...
  4. Trade Adjustment Assistance - TAA

    An unemployment assistance program offered in the United States ...
  5. Benefit Period

    The benefit period is the length of time during which a benefit ...
  6. Full Employment

    A situation in which all available labor resources are being ...
Related Articles
  1. Insurance

    How To Apply For Unemployment Insurance

    Unemployment compensation is a federal program administered by each state. Here's how to connect to your state's unemployment office and what to expect.
  2. Financial Advisor

    No Paycheck Doesn't Necessarily Mean No Income

    If you lose your job, be sure to apply for unemployment benefits. It's not welfare, but an insurance program that you and your employer have already paid into.
  3. Insights

    The Cost Of Unemployment To The Economy

    Unemployment carries many costs, both obvious and hidden, for an economy.
  4. Investing

    Did Your State Cut Unemployment Benefits?

    Many of the states now cutting back on unemployment benefits significantly under-funded their coffers prior to the Great Recession.
  5. Personal Finance

    Understanding Natural Unemployment

    Natural unemployment is often defined as the lowest rate of unemployment an economy will reach.
  6. Personal Finance

    Understanding the Unemployment Rate

    The unemployment rate is the percentage of people in the labor force who are unemployed but seeking a job.
  7. Personal Finance

    Where Unemployment Hits Hardest

    A look at the demographics of unemployment, and what that means for workers around the nation.
  8. Personal Finance

    What Qualifies as Full Employment?

    Full employment is an economic term describing a situation where all available labor resources are being utilized to their highest extent.
  9. Personal Finance

    What The Unemployment Rate Doesn't Tell Us

    The unemployment rate is climbing, but what does it mean?
RELATED FAQS
  1. Are Social Security benefits affected by unemployment benefits?

    Find out if Social Security benefits are affected by unemployment benefits, and if so, how much this benefit can be reduced ... Read Answer >>
  2. Unemployment resulting from changes in the basic composition of the economy ... ...

    The correct answer is a. An example of structural unemployment is the technological revolution. Computers might have eliminated ... Read Answer >>
  3. Do rising unemployment rates tend to increase or decrease investor sentiment and ...

    Discover whether rising unemployment rates tend to increase or decrease consumer confidence and investor sentiment. Unemployment ... Read Answer >>
  4. What are the key points when getting ready to file for unemployment aid?

    Before filing for unemployment aid, you must be unemployed, have worked in the past, lost the job through no your fault of ... Read Answer >>
  5. What is the difference between frictional unemployment and structural unemployment?

    Learn about structural unemployment and frictional unemployment, the differences between the two types and their main characteristics. Read Answer >>
  6. What are some causes of structural unemployment?

    Find out more about structural unemployment, what it is and examples of causes that can lead to structural unemployment in ... Read Answer >>
Hot Definitions
  1. Treynor Ratio

    A ratio developed by Jack Treynor that measures returns earned in excess of that which could have been earned on a riskless ...
  2. Buyback

    The repurchase of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market. Companies ...
  3. Tax Refund

    A tax refund is a refund on taxes paid to an individual or household when the actual tax liability is less than the amount ...
  4. Gross Domestic Product - GDP

    The monetary value of all the finished goods and services produced within a country's borders in a specific time period, ...
  5. Inflation

    The rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of ...
  6. Merchandising

    Merchandising is any act of promoting goods or services for retail sale, including marketing strategies, display design and ...
Trading Center