Unemployment Claim


Unemployment Claim

A request made by an individual to the state government to receive temporary payments after having been laid off from a job. The United States Department of Labor keeps track of the number of weekly unemployment claims. It provides both seasonally adjusted and seasonally unadjusted claims numbers and also lists which states had an increase or decrease of 1,000 or more claims. These data are reported in the media as an indication of national and state economic health.

Also known as an "unemployment insurance claim" or an "unemployment compensation claim".

Unemployment claims are paid from state funds that are collected from employers in the form of an unemployment insurance tax. In order to encourage workers to get another job, unemployment benefits are payable for a limited number of weeks and are designed to pay less than a worker would make at a job. To file an unemployment claim, a worker must meet certain criteria. For example, workers receiving unemployment benefits must be actively seeking employment (and be able to prove it) and they must have been laid off rather than having quit or been fired.


Investment dictionary. . 2012.

Look at other dictionaries:

  • unemployment claim — UK US noun [C] GOVERNMENT ► in the US, an official request made by someone who has lost their job for money from the government: »The report found that new unemployment claims fell by 7,000. »first time/initial/weekly unemployment claims… …   Financial and business terms

  • 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… …   Wikipedia

  • unemployment — un‧em‧ploy‧ment [ˌʌnɪmˈplɔɪmənt] noun [uncountable] 1. when you do not have a job: • Closure of the plant will mean unemployment for 500 workers. • Most of our staff now face unemployment. 2. ECONOMICS the number of people in a country who do not …   Financial and business terms

  • unemployment benefit — ➔ benefit1 * * * unemployment benefit UK US noun [C or U] UK (US unemployment benefits [plural]) ► GOVERNMENT money that the government pays regularly to unemployed people who are looking for a job. The term unemployment benefit was officially… …   Financial and business terms

  • claim — ▪ I. claim claim 1 [kleɪm] noun [countable] 1. COMMERCE a request or demand for money, or the amount of money asked for: • The developer made a claim against the owner for extra building costs. • There were very large claims for loss of earnings …   Financial and business terms

  • Unemployment — World unemployment rates[1] as of January 2009[update] Unemployment (or …   Wikipedia

  • unemployment —    At the time of the oil crisis of 1973, unemployment in Spain stood at just under 2.5 percent of the active population, but with the recession, the estimated one million Spanish workers in Europe began to return. This influx coincided with an… …   Encyclopedia of contemporary Spanish culture

  • claim */*/*/ — I UK [kleɪm] / US verb Word forms claim : present tense I/you/we/they claim he/she/it claims present participle claiming past tense claimed past participle claimed 1) a) [transitive] to say that something is true, even though there is no definite …   English dictionary

  • Unemployment Assistance Board — The Unemployment Assistance Board was a body set up in Britain in 1934 [ [http://news.bbc.co.uk/1/hi/programmes/inside money/2173358.stm BBC NEWS | Programmes | Inside Money | The welfare state 1832 1945 ] ] due to the high levels of inter war… …   Wikipedia

  • Federal Unemployment Tax Act - FUTA — The original legislation that allows the federal government to tax businesses with employees for the purpose of collecting revenue that is then allocated to state unemployment agencies and paid to unemployed workers who are eligible to claim… …   Investment dictionary


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