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Economics. Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by governmental bodies to unemployed people. Depending on the country and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time ...
The Employment and Social Insurance Act ( French: Loi sur le placement et les assurances sociales) was a statute enacted by the Parliament of Canada in 1935 during the final months of the government of R.B. Bennett. The Act was intended to introduce a nationwide employment insurance scheme, and also to convince voters that Bennett was willing ...
t. e. Unemployment insurance in the United States, colloquially referred to as unemployment benefits, refers to social insurance programs which replace a portion of wages for individuals during unemployment. The first unemployment insurance program in the U.S. was created in Wisconsin in 1932, and the federal Social Security Act of 1935 created ...
Unemployment in Ontario is the measure indicating the number of Ontarians "without work, are available for work, and are actively seeking work". [1] The rate of unemployment is measured by Statistics Canada using a Labour Force Survey. In September 2018 approximately 452,900 people were deemed unemployed in Ontario.
Social programs in Canada ( French: programmes sociaux) include all Canadian government programs designed to give assistance to citizens outside of what the market provides. The Canadian social safety net includes a broad spectrum of programs, many of which are run by the provinces and territories. Canada also has a wide range of government ...
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) [2] not being in paid employment or self-employment but currently available for work during the reference period. [3] Unemployment is measured by the unemployment rate, which is the number of people who are ...
The COVID-19 pandemic had a deep impact on the Canadian economy, leading it into a recession. The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976.
The Canada Employment Insurance Financing Board (CEIFB) was a Crown corporation of the Government of Canada, created in 2008, that began its operations in 2010 and was dissolved in 2013. As a parent Crown corporation, under Part X of the Financial Administration Act , CEIFB reported to Parliament through the Minister of Human Resources and ...
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