Sidebar: What is UI?

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Feb 6, 2008,

Unemployment insurance is a joint federal-state program to help workers laid off for reasons beyond their control, such as a company downsizing or an office closing. The program is funded and administered by individual states, but is overseen and sometimes supplemented by the federal government. The payout amount applicants receive is based on a percentage of their previous pay - a maximum of $538 per week in Minnesota. To stay on the program, individuals must be seeking a new job.

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