The purpose of the unemployment insurance program in the United States is to compensate employees whose jobs are cut by their employers.The government's single most significant source of assistance for jobless people is the program, which was established by the 1935 Social Security Act.
What is the national program for unemployment insurance?
NATIONAL UNEMPLOYMENT INSURANCE PROGRAM BILL FILED The proposed NUIP also aims to provide workers with assistance during times of unemployment to prevent significant income loss and ensure that consumption levels do not significantly decrease.
Why did the United States establish unemployment insurance?
The Congress established the old-age and unemployment insurance programs in the midst of debate regarding the most effective strategies for addressing poverty in old age and unemployment.The unemployment insurance program, like the old-age insurance, was included in the 1935 Social Security Act's legislative package.
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