Definitions for "Unemployment Compensation"
Money paid to eligible people who have lost a job and are actively looking for work. Unemployment compensation is partially paid by the employer´s unemployment insurance contributions. [Go to source
Benefit payments paid to unemployed workers who meet the qualification requirements of the law, the requirements being that the worker not be unemployed voluntarily; that the worker have worked in employment covered by the law; that the worker be willing and able to take employment if offered; and that an initial waiting period of unemployment has elapsed before compensation is paid.
payment by a United States agency to unemployed people