Managed by the United States Department of Labor, the Unemployment Insurance confers unemployment benefits to workers who have been terminated from their jobs through no fault of their own. The financial assistance that comes with the insurance is projected to temporarily cover the costs of the individual and his/her household.

Aside from the unemployed sector, the Unemployment Insurance policy also helps in cushioning the impacts of economic slides and contributes to the stability of communities, states, and the nation by providing momentary income sources for terminated workers.

The Unemployment Insurance has helped millions of Americans who have lost their jobs. Created in 1935, the initial Unemployment Insurance benefits offered by the program were designed to alleviate the living conditions of millions of Americans who lost their jobs during the Great Depression.

Today, the Unemployment Insurance is offered in almost every state. Each state has their own policies in running and handing out state unemployment insurance and their benefits. Each state that offers Unemployment Insurance benefits also has varying criteria for eligibility. While there are obvious differences from state to state, the insurance policies and guidelines are based on the statutes of the Federal Law.