Umemployment compensation both is helpful and harmful to our economy. The stimulus that it provides for local and state government keeps our country afloat. It has also a drove our Government deeper in debt because of abuse or lack of motivation on the part of the job seeker. Short version: Long time recieving benefit seekers, hurt the ecomony if they abuse the right.
The purpose of unemployment insurance is to provide workers, who are unemployed through no fault of their own, with monetary payments for a specific period of time or until the worker finds a new job.
Unemployment benefits are provided by state unemployment insurance programs within guidelines established by Federal law. Eligibility for unemployment insurance, benefit amounts and the length of time benefits are available are determined by state law.