Question

due to a recession, lauren was laid off by her organization. to avoid having lauren and other laid-off workers stop spending money and thus deepen the recession, will help them maintain some income.

Answer 1

Due to a recession, Lauren was laid off by her organization. To avoid having Lauren and other laid-off workers stop spending money and thus deepen the recession, Unemployment Insurance will help them maintain some income.

What is unemployment insurance?

Unemployment insurance (UI), also called unemployment benefits, is a type of state-provided insurance that pays money to individuals on a weekly basis when they lose their job and meet certain eligibility requirements.

Why in this situation, unemployment insurance will help them maintain some income?
This type of insurance, will cover people who lose their job but mainly it's not because employees's fault. One of the requirement is that these people lose their job because the condition at the market or recession in the whole country. While these people get laid off, so mostly it happens without any prior notice, they need help to cover their living expense. There, the unemployment insurance will help to cover their expenses while they are looking for a new job.

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