Meaning of the word "unemployment insurance" in English

What does "unemployment insurance" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

unemployment insurance

US /ʌnɪmˈplɔɪmənt ɪnˈʃʊrəns/
UK /ˌʌn.ɪmˈplɔɪ.mənt ɪnˈʃʊə.rəns/
"unemployment insurance" picture

Noun

a system of government payments to people who are temporarily out of work

Example:
After losing his job, he applied for unemployment insurance.
Many people rely on unemployment insurance during economic downturns.