Unemployment insurance is a government program that provides financial support to individuals who lose their jobs through no fault of their own. This assistance helps people cover their basic living expenses while they search for new employment. The amount and duration of benefits can vary based on factors like previous earnings and state regulations. To qualify for unemployment insurance, individuals typically need to meet certain criteria, such as having worked a minimum number of hours or having been laid off. This program is designed to help stabilize the economy by ensuring that people can continue to spend money during tough times, benefiting both families and local businesses.