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What Is Unemployment Insurance?

By Keith Noonan – Updated Nov 20, 2024 at 10:13AM

Key Points

  • Unemployment insurance provides cash benefits for workers laid off through no fault of their own.
  • Qualification excludes freelancers and those fired for cause, focusing on regular employees.
  • Benefit amounts and durations vary by state, with a potential maximum of 26 weeks.
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