Unemployment Compensation

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Dictionary Says

Definition of 'Unemployment Compensation'

Funds paid by the state to unemployed workers who have lost their jobs due to layoffs or retrenchment. Unemployment compensation is meant to provide a source of income for jobless workers until they can find employment. In order to be eligible for it, certain criteria must be satisfied by an unemployed worker, such as having worked for a minimum stipulated period and actively looking for employment. Unemployment compensation provides partial income replacement only for a defined length of time or until the worker finds employment, whichever comes first.

Also known as unemployment insurance or unemployment benefits.

Investopedia Says

Investopedia explains 'Unemployment Compensation'

Unemployment compensation is paid by many developed nations and some developing economies. In the United States, unemployment compensation was ushered in by the Social Security Act of 1935, when the economy was struggling through the Depression. The U.S. unemployment compensation system is jointly managed by the federal and state governments and financed through payroll taxes on employers in most states. In Canada, the system is called Employment Insurance and is funded by premiums paid by both employers and employees.
Search results for

'Unemployment Compensation'

  • The History Of The Continuing Claims Report

    http://www.investopedia.com/articles/economics/10/continuing-claims.asp
    ... The ETA further calculates first-time claims and claims which were either extended
    or received under emergency unemployment compensation, disaster relief and ...

  • Free Car Payment Insurance: What's The Catch?

    http://www.investopedia.com/articles/insurance/09/free-car-payment-insurance.asp
    ... When you lose your job in a way in which you would qualify for your state's
    unemployment compensation program, your payments will be made for you up to a set ...

  • 9 Penalty-Free IRA Withdrawals

    http://www.investopedia.com/articles/retirement/02/111202.asp
    ... conditions: You lost your job. You received unemployment compensation paid
    under any federal or state law for 12 consecutive weeks. You ...

  • Tax Tips For First-Time Filers - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0212/Tax-Tips-For-First-Time-Filers.aspx
    ... 1099-Misc: Miscellaneous Income, whereas those who were unemployed and received
    unemployment compensation might receive a 1099-G: Certain Government Payments. ...

  • What are the exceptions to the early distribution penalty for a ...

    http://www.investopedia.com/ask/answers/07/nonqualified_Roth.asp
    ... You received unemployment compensation paid under any federal or state law
    for 12 consecutive weeks because you lost your job. You ...

  • Traditional IRAs: Distributions | Investopedia

    http://www.investopedia.com/university/retirementplans/ira/ira3.asp
    ... The individual has lost his or her job. The individual has received unemployment
    compensation paid under any federal or state law for 12 consecutive weeks. ...

  • Roth IRAs: Distributions | Investopedia

    http://www.investopedia.com/university/retirementplans/rothira/rothira3.asp
    ... 2. The individual has received unemployment compensation paid under any federal
    or state law for 12 consecutive weeks. 3. The individual ...

  • 5 Outrageous CEO Spending Abuses And Perks - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0711/5-Outrageous-CEO-Spending-Abuses-And-Perks.aspx
    ... While working America waits for a layoff notice, files for unemployment compensation
    or hopes the government will be mailing their Social Security check ...

  • Saving For Retirement When You're Not Working

    http://www.investopedia.com/articles/retirement/09/vehicles-save-retirement.asp
    ... k), where earned income is a requirement, the funds deposited into an HSA by an
    employee can come from savings, dividends, unemployment compensation and even ...

  • Series 65 Study Guide - Basic Economic Concepts - Economic ...

    http://www.investopedia.com/exam-guide/series-65/economic-concepts/economic-indicators.asp
    ... manufacturing and trade sales, and personal income minus transfer payments such
    as Social Security, disability benefits and unemployment compensation. ...

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