Unemployment Claim

AAA

DEFINITION of 'Unemployment Claim'

A request made by an individual to the state government to receive temporary payments after having been laid off from a job. The United States Department of Labor keeps track of the number of weekly unemployment claims. It provides both seasonally adjusted and seasonally unadjusted claims numbers and also lists which states had an increase or decrease of 1,000 or more claims. These data are reported in the media as an indication of national and state economic health.

Also known as an "unemployment insurance claim" or an "unemployment compensation claim".

INVESTOPEDIA EXPLAINS 'Unemployment Claim'

Unemployment claims are paid from state funds that are collected from employers in the form of an unemployment insurance tax. In order to encourage workers to get another job, unemployment benefits are payable for a limited number of weeks and are designed to pay less than a worker would make at a job. To file an unemployment claim, a worker must meet certain criteria. For example, workers receiving unemployment benefits must be actively seeking employment (and be able to prove it) and they must have been laid off rather than having quit or been fired.

RELATED TERMS
  1. Structural Unemployment

    A longer-lasting form of unemployment caused by fundamental shifts ...
  2. Jobless Claims

    The number of people who are filing or have filed to receive ...
  3. Voluntary Termination

    1. An employee's decision to leave a job of his or her own accord. ...
  4. Notice Of Termination

    Generally refers to the notice provided by an employer stating ...
  5. Job Market

    A market in which employers search for employees and employees ...
  6. Natural Unemployment

    The lowest rate of unemployment that an economy can sustain over ...
Related Articles
  1. The Economics Of Labor Mobility
    Economics

    The Economics Of Labor Mobility

  2. The Unemployment Rate: Get Real
    Economics

    The Unemployment Rate: Get Real

  3. Introduction To The Continuing Claims ...
    Professionals

    Introduction To The Continuing Claims ...

  4. How Unemployment Affects You (Even If ...
    Retirement

    How Unemployment Affects You (Even If ...

comments powered by Disqus
Hot Definitions
  1. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  2. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  3. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  4. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  5. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  6. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
Trading Center