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Unemployment Insurance
Labor Department Awards States $18.6 Million to Continue Unemployment Insurance System Improvements
In addition to helping workers and their families, the
Unemployment Insurance programs play a key role in helping businesses, communities, and the
nation's economy. It was created in 1935 in response to the Great
Depression, when millions of people lost jobs. They couldn't buy goods
and services, which contributed to more layoffs.
Now, as then, the program helps cushion the impact of economic downturns
and brings economic stability to communities, states, and the nation by
providing temporary income support for laid off workers.
Unemployment Compensation: Federal-State Partnership
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