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. 2. ...
  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 FAQS
  1. What's the average hourly wage of waiters and bartenders before tips

    As of 2015, the federal minimum average hourly wage for waiters and bartenders is $2.13 per hour before tip income is included. ... Read Full Answer >>
  2. If both the primary and contingent beneficiaries are unavailable, what happens to ...

    One of the most common mistakes in estate planning is not keeping beneficiary designations up to date on life insurance policies ... Read Full Answer >>
  3. How do government stimuli increase the number of jobs in the private sector?

    The purpose of a government stimulus is to use strategic government spending to revive a stagnant or contracting economy. ... Read Full Answer >>
  4. What are the primary reasons stagflation is unlikely to re-occur in the United States?

    There are no guarantees that stagflation cannot recur in the United States. Nevertheless, there are reasons to believe that ... Read Full Answer >>
  5. What are the key metrics used to measure the business cycle?

    Gross domestic product (GDP), investments, consumer spending, unemployment and inflation are the key metrics used to measure ... Read Full Answer >>
  6. What kinds of productivity data does the Bureau of Labor Statistics keep?

    The U.S. Bureau of Labor Statistics (BLS) tracks two primary sets of productivity data for the U.S. economy: labor productivity ... Read Full Answer >>
Related Articles
  1. Economics

    The Economics Of Labor Mobility

    Loosening labor restrictions has both good and bad effects for a country and its workers.
  2. Economics

    The Unemployment Rate: Get Real

    Depending on how it's measured, the unemployment rate is open to interpretation. Learn how to find the real rate.
  3. Professionals

    Introduction To The Continuing Claims Report

    This weekly economic release contains important information concerning unemployment levels and insurance.
  4. Retirement

    How Unemployment Affects You (Even If You're Working)

    Rebounding from a stint of unemployment can be a frustrating thing to do. These tips should soften the blow.
  5. Budgeting

    Planning For Unemployment

    Preparation can help you land on your feet after getting the "old heave-ho".
  6. Budgeting

    Layoffs: Know The WARNing Signs

    Layoff rumors can run rampant, but if your company is required to give you two months' notice, you can plan for unemployment.
  7. Options & Futures

    Losing Your Job: From A To Z

    Job loss can be devastating. Learn how to anticipate it and quickly get back on your feet.
  8. Economics

    What is Adverse Selection?

    Adverse selection occurs when one party in a transaction has more information than the other, especially in insurance and finance-related activities.
  9. Personal Finance

    How A Greece Crisis Affects The U.S.

    Greece's ongoing financial crisis poses a threat to the nascent U.S. economic recovery due to the latter's close ties with Europe.
  10. Insurance

    Is Personal Legal Insurance A Good Deal?

    Some employers offer personal legal insurance as an opt-in benefit. Would it make sense for you?

You May Also Like

Hot Definitions
  1. Fixed-Income Arbitrage

    An investment strategy that attempts to profit from arbitrage opportunities in interest rate securities. When using a fixed-income ...
  2. Venture-Capital-Backed IPO

    The selling to the public of shares in a company that has previously been funded primarily by private investors. The alternative ...
  3. Merger Arbitrage

    A hedge fund strategy in which the stocks of two merging companies are simultaneously bought and sold to create a riskless ...
  4. Market Failure

    An economic term that encompasses a situation where, in any given market, the quantity of a product demanded by consumers ...
  5. Unsystematic Risk

    Company or industry specific risk that is inherent in each investment. The amount of unsystematic risk can be reduced through ...
  6. Security Market Line - SML

    A line that graphs the systematic, or market, risk versus return of the whole market at a certain time and shows all risky ...
Trading Center