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LoginOver the next couple weeks, we will be introducing each of the features we will be covering here on SalesJobHunter.com. The first of these is In Between Jobs, which will cover management of personal finances, education, and skill development to help make the most of your time while you are out of employment.
Due to the worsening economic conditions, many are finding themselves unexpectedly out of work. Due to over-leveraging of personal finances and lack of savings, many of us are unprepared to handle the loss of income. To make ends meet, unemployment benefits can help fill in the gap. Read more to find more information about unemployment benefits for your state or country.
United States
In the United States, unemployment benefits are generally provided by each state individually. Generally speaking, to qualify for unemployment benefits, you must be willing and able to work, seeking employment, and are out of work due to no fault of your own. Unemployment benefits take the form of a payment provided on a weekly or bi-weekly basis. The period and amount are generally determined on your previous income. Some states also offer benefits for retraining or health care.
If you find yourself out of work, it is best to apply for benefits the same day. There is often a delay between applying for benefits and when you will begin to receive the benefit. For information on the benefits available in your state and for information to apply for benefits, please visit America’s Service Locator.
Canada
Canadians are covered by a national Employment Insurance (EI) program. Beyond providing benefits to those out of work, it also provides benefits for people in certain specific situations. For more information on EI and its benefits, please visit Service Canada.
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2 Comments
What to do when all that is true and one is self-employed??? And must get some “get by” money?
In the US and Canada, there are no government options for an unemployment payment. Self-employed workers don’t pay EI or Unemployment Insurance. However, depending on your state/country, health care benefits may still be available.
Its much more important as a self-employed worker to manage your personal finances so that you have sufficient assets for a down period. If you don’t you may have to consider other options to make it through the current economic downturn, such as tapping into your retirement savings, taking on another job or work outside of your normal scope of business, or consider a career change.