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Unemployment insurance

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Unemployment insurance
Compensation plans by which federal and state governments provide money to workers who've lost their jobs through no fault of their own.
    
The federal Social Security Act of 1935 set up this system. Employers pay federal and state taxes to support unemployment systems. The amount employers pay depends on their wages, the amount they've contributed to the fund, and the amount their former employees have drawn from it.
    
Unemployment benefits are payments made by governments to unemployed people. It may be based on a compulsory para-governmental insurance system. Depending on the jurisdiction and the status of the person, those sums may be meager, covering only basic needs (thus a form of basic welfare), or may compensate the lost pay somewhat proportionally to the previous earned salary. They often are part of a larger social Security scheme.
    
Unemployment benefits are generally given only to those registering as unemployed, and often on conditions ensuring that they seek work and do not currently have a job.
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