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There are lot many theories regarding the reasons behind the unemployment. But the real fact is that the person who is unemployed needs some sorts of economic help. In the great depression time in 1935, lot many people lost their jobs for no fault of their own. The government had to do something for them. There can be business downturns due to lot many reasons. But the effect of these business downturns is the unemployment for the ordinary workers. The idea of unemployment insurance was started in 1935 in those great depression days. If millions of people loose their jobs, then they will not be able to buy the goods and services necessary for their living. This in turn means that the business community will lose a major business. This was not good for the businesses also. In turn the whole economy will go on getting worst. It was necessary to provide some sorts of economic benefits to the unemployed so that they can buy the necessary goods and services and in turn can boost the business demand and their by give boost to the economy as a whole. It is obvious that these unemployment insurance schemes provide benefits for
the unemployed persons. But in reality they also help the business community to develop their businesses by boosting the demand. These way communities get the much needed help. The national economy also progresses because of these unemployment insurance schemes. From all this description it is obvious that the unemployment insurance has a key role to play in the national economy, especially at the time of the recession. The economic downturn is cushioned and it helps the recovery of the communities and the nation as a whole. The temporary economic help to the laid off workers is of very much economic importance. This unemployment insurance is a tool to combat the recession and its ill economic effects. There are federal guide lines regarding these unemployment insurance schemes. The states have to run their own unemployment insurance schemes within these guide lines. However the criterions for the eligibility and the amount of economic benefit that a person may receive under these unemployment insurance schemes will differ from one state to another state. As far as the disqualifications for these unemployment insurance schemes are considered, they are pretty obvious. If you are leaving the present job because you are going to get married, then you are not eligible for getting those unemployment insurance benefits. If you are leaving the job for joining a school, then again you are not eligible for these unemployment insurance schemes' benefits. If you have left the present job on account of your illness, then also you will not be eligible for these unemployment insurance benefits. There are many rules and regulations in these regards, but it is necessary to get info from the official websites about them. Unemployment
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