unemployment insurance


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unemployment insurance,

insurance against loss of wages during the time that an able-bodied worker is involuntarily unemployed. The goal of such insurance is to provide a minimal livelihood to unemployed workers until they are once again employed. Compulsory unemployment insurance makes such protection legally obligatory for certain classes of workers under prescribed conditions. Voluntary unemployment insurance is maintained by private organizations sanctioned, encouraged, or subsidized by the state. The first attempts to establish unemployment insurance plans began toward the end of the 19th cent. in Germany, Italy, and Switzerland (see social securitysocial security,
government program designed to provide for the basic economic security and welfare of individuals and their dependents. The programs classified under the term social security differ from one country to another, but all are the result of government legislation
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). Most Western European states adopted such plans in the early part of the 20th cent.: France, 1905; Great Britain, 1911; the Netherlands, 1916; Italy, 1919; and Germany, 1927. In the United States an unemployment insurance program, along with other welfare programs, was introduced by the Social Security Act of 1935. That act, amended many times, provides for a sliding scale of payroll taxes on industry. For example, employers whose records show that their business experiences little unemployment receive lower rates. The Employment and Training Administration in the U.S. Dept. of Labor is responsible for administering the law. Over the years Congress has extended the program to many workers initially not covered. By 1994 more than 96% of all workers were covered by unemployment insurance. Each state has its own unemployment insurance law and operates its own program.

Bibliography

See D. Nelson, Unemployment Insurance: The American Experience, 1915–1935 (1969); W. Vroman, Unemployment Insurance Trust Fund Adequacy in the 1990s (1990).

References in periodicals archive ?
The Bureau of Local Employment was tasked to monitor the application and issuance of the DOLE certification for unemployment insurance.
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Unemployment insurance providers can also help ensure that a nonprofit organization is prepared in the event of unexpected layoffs due to restructuring or funding losses.
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The report, by Jobs Australia, an organisation for Not for Profit employment service providers, and authored by Deakin University professor, Andrew Scott, said that unemployment insurance would give people who lose their jobs a better chance to re-skill and gain employment.
This paper, by Henry Farber, Jesse Rothstein, and Robert Valletta, attempts to determine how severe was the employment disincentive effect of unemployment insurance in the wake of the last recession.
BOSTON -- House and Senate leaders have reached agreement on limiting a pending increase in unemployment insurance costs and are expected to approve separate legislation this week that would freeze unemployment insurance rate tables for one year.
The existence of a European unemployment insurance scheme would have helped protect the member states hit hardest by the crisis, according to a study presented on 13 February to the European Parliament's Committee on Employment and Social Affairs (EMPL).
One of these laws relates to the subject of social insurance, namely unemployment insurance law.
Limbaugh was referring to remarks made by the president earlier in the day at the White House in an effort to extend unemployment insurance. President Obama said that voting for unemployment insurance helps people and creates jobs and voting against it does not, CNS News reported.
4 (KUNA) -- In his weekly address on Saturday, President Barack Obama said Congress should act to extend emergency unemployment insurance for more than one million Americans who have lost this economic lifeline while looking for a job.
! Washington, Rabi'I 1, 1435, Jan 2, 2014, SPA -- The White House Wednesday called on Congress to make its first legislation of the new year the restoration of unemployment insurance for Americans whose benefits have expired.

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