Unemployment Insurance
Purpose of unemployment insurance
Unemployment insurance is schemes under which people that have the capacity to be employed and are out of employment because of reasons that they can control or simply not their fault. It is meant for people that are available for work and they continue to seek paying jobs actively.
In order for one to get the unemployment compensation they should meet unemployment eligibility requirements for what they were earning or the time they worked at an established over one year.
On the other hand there are circumstances that might disqualify a person from getting the unemployment benefits, these include when one quits without a good cause, when they are fired due to misconduct, if they have resigned due to some illnesses, if they are involved in some labor dispute and so on (Oregon State Bar, 2013).
Unemployment insurance ensures that people falling in the above brackets are compensated for a stipulated period of time or until these people are able to find new jobs. There is also room for extended unemployment benefit that ensures that unemployment compensation is given for a longer period of time for people that have exhausted the regular unemployment insurance they were getting during periods of long unemployment.
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