unemployment compensation Meaning in the Cambridge English Dictionary
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Meaning of “unemployment compensation” in the English Dictionary

"unemployment compensation" in Business English

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unemployment compensationnoun [U]

uk   us   (also unemployment insurance)
GOVERNMENT in the US, ​money that is ​paid by the ​government every week to ​unemployedpeople who ​lose their ​jobs and are ​trying to ​findwork. Unemployment ​compensation is ​financed by ​taxespaid by ​employers: About 4,000 to 5,000 ​jobless Arizonans have been ​first-time filing for ​unemploymentcompensation each week. Under ​federalregulations, ​undocumentedworkers aren't ​eligible for ​unemploymentinsurance.
(Definition of unemployment compensation from the Cambridge Business English Dictionary © Cambridge University Press)
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