unemployment insurance

Definition

An insurance regulated and administered by the government which covers those who have lost their income due to involuntary unemployment. In order to qualify for coverage under this insurance, a person must work a predetermined length at a qualifying job and earn a minimum amount of compensation.

Use this term in a sentence

Related Terms

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
unemployment leading indicator