Unemployment Insurance
Unemployment insurance (UI) in the US is a joint federal-state program funded by employer payroll taxes to pay workers who lose their jobs in downsizing or for no direct cause. Also called unemployment compensation or unemployment benefits, payments may include financial compensation, food stamps or job training programs. The benefit amount and … Keep Reading → length of benefits depends on the prior employment status of the worker. Part-time, temporary and self-employed workers do not qualify for unemployment benefits in the US. Unemployment benefits are taxable as regular income except for those excluded because of the American Recovery and Reinvestment Act of 2009.
