Unemployment is more than just not being employed, did you know there were actually different types of unemployment?
Unemployment refers to a government program that is set up to help those who are unemployed. You can get on the unemployment program if you've lost your job and need financial aid while you search for your next job, or if you are unable to work due to a disability.
Some family members and dependents can also sometimes receive unemployment in the case that their primary provider passes away.
Unemployment is a government program to help those who have lost their jobs or have trouble finding a new job. Unemployment can help people in between their job searching so they can still pay their bills.
There are also several different kinds of unemployment:
Frictional unemployment is when people are simply changing jobs. Frictional unemployment is the period between searching for a new job and going through interviews before you land that next job.
This is also a voluntary form of unemployment due to an individual wanting to switch jobs or careers for their own personal reasons. Frictional unemployment is usually a short period of time and doesn't usually cause too many problems for the individual or the economy.
Cyclical unemployment is when unemployment rates go up during hard economic times and down during good economic times.
Cyclical unemployment is a common cycle that unemployment goes through during recessions vs economic upturns. Unemployment rates go up when the economy is doing poorly and down when the economy is doing well.
Structural unemployment occurs when technological and structural changes take place in the world, the economy, and the workplace.
Sometimes structural changes and developments can create unemployment trends.
For example, when horse-drawn carriages began to disappear in favor of automobiles an entire demographic of workers began to lose their jobs while new types of jobs related to automobiles began to arise.
Institutional unemployment is when employment rates change due to institutional or governmental changes.
Many times these changes are long-term or permanent changes in the system that can affect employment and unemployment rates.
For instance, changes in government policies about labor laws, minimum wage, or workplace discrimination policies can have an impact on levels of unemployment while the workplace gets used to the institutional changes.
Seasonal unemployment is similar to structural unemployment. The structure of a workforce is seasonal and thus creates unemployment during certain off-seasons.
This happens when the skills and services of certain workers are only needed during certain times of the year and not during others.
This might include forest firefighters whose skills are usually not needed during the winter months or construction workers who primarily work during the warmer months and not during the colder months.
Partial unemployment occurs when an employee hasn't been let go from a job but their hours have been significantly cut.
Many workers need full-time hours in order to make enough each week to feed themselves and pay bills, so when their hours are cut down they fall under partial unemployment.
First, you must qualify for unemployment. If you qualify for unemployment then the government unemployment program will send you regular checks to help financially sustain you until you can get a new job.
Unemployment benefit laws vary by state and it is with the state that an unemployed individual applies or files for unemployment.
There are also different kinds of unemployment benefits:
The unemployment insurance benefits program is for workers who have lost their job through no fault of their own. This is the most typical benefit program for the unemployed and is usually run by the state.
COBRA stands for the Consolidated Omnibus Budget Reconciliation Act. This act is a benefits program that helps continue health insurance plans for the unemployed.
Disability insurance is a type of unemployment program for workers who are unemployed for a short or long amount of time due to a disability.
This benefit program can then help support the unemployed worker until the disability ends or indefinitely if the disability is permanent.
This type of benefit helps workers who can't work due to an injury or ailment they got from the job.
For example, if you get injured while at work and are unable to work because of it, you might be eligible for worker's compensation.
If you've been fired from your job for wrongful or discriminatory reasons then you might be able to contact your State Labor Office and seek legal action or counsel for your situation.
You might also qualify for unemployment compensation if you've been terminated for a wrongful reason.
Welfare or TANF are benefit programs meant to help families reach financial independence and get them through financially difficult times.
Payday loans are small loans that are set up to be repaid in full when your next paycheck arrives. But what if you're unemployed and still need a small, short-term loan?
Lucky for you, if you are on unemployment benefits, then you might still get approved for a payday loan. This is because your unemployment checks work very similarly to a regular paycheck. You get regularly scheduled unemployment checks just like when you receive regularly scheduled paychecks from an employer.
So if you are on unemployment benefits, you can set up your payday loan to be repaid when your next unemployment check is supposed to come in, just like you would set up a payday loan with a regular paycheck.
This way, you can get your unemployment check faster and avoid missing any important payments or getting hit with fees and other financial consequences of missing payments.
Step 1: Visit your nearby Check City store.
Step 2: Provide the necessary materials listed below.
Step 3: Fill out a payday loan application.
Step 4: Get approved and get your cash!
Check City offers many small, short-term loan options, like personal loans, installment loans, title loans, and signature loans.
Check City Signature Loans are available in stores only. To apply for a Check City Signature Loan, stop by any of our Utah Locations for more details and to see if a signature loan would be right for you.
Payday Loans are also commonly referred to as Cash Advances, Payday Advances, Payday Advance Loans, and Fast Cash Loans. Check City does not usually utilize traditional credit checks as part of the payday loan approval process. However, Check City may, at its discretion, verify application information by using national consumer loan underwriting databases that may include information relating to previous cash advance transactions that Check City may take into consideration in the approval process. Actual loan amounts vary. See Rates and Fees for specific information and requirements. Products or services offered to customers may vary based on customer eligibility and applicable state or federal law. Some customers applying for payday loans or installment loans may be required to submit additional documentation due to state law and qualification criteria. CheckCity.com provides loan services in: Alabama, Alaska, California, Hawaii, Idaho, Kansas, Missouri, Nevada, Texas, Utah, Washington, Wisconsin, and Wyoming. Customer Notice: A single payday advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday advances are not recommended as long-term financial solutions. Loan proceeds issued through our website are generally deposited via ACH for next business day delivery if approved by 8pm CT Mon. – Fri.
Check City acts as a credit services organization/credit access business (CSO/CAB) in Texas.
This is an invitation to send a loan application, not an offer to make a short term loan. This service does not constitute an offer or solicitation for payday loans in Arizona, Arkansas, Colorado, Georgia, Maryland, Massachusetts, New York, Pennsylvania, or West Virginia. Tosh of Utah, Inc. dba Check City Check Cashing, a payday lender, is licensed by the Virginia State Corporation Commission. License #PL-57 Anykind Check Cashing, LC. dba Check City, a payday lender, is licensed by the Virginia State Corporation Commission. License #PL-21 Maximum funded amount for payday loans or installment loans depends on qualification criteria and state law. See Rates and Terms for details. Utah Customers: For consumer questions or complaints regarding payday loans and/or title loans you may contact our Customer Service Department toll-free at (866) 258-4672. You may also contact our regulator The Utah Department of Financial Institutions at (801) 538-8830.
Please see Rates and Terms to check the availability of online loans in your state. Check City does not provide loan services in all states.