employment insurance

noun [U] GOVERNMENT

Definition

› in some countries, a government plan that pays money to employees when they are unable to work, for example, because they have become sick, have had a child, or have lost their job: Employment insurance benefits are available to those workers who have lost their job through a layoff, work shortage or other no-fault reason.

(Definition of employment insurance noun from the Cambridge Business English Dictionary © Cambridge University Press)

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