As the figures stood in June 2007, more than 1.7 million people in Great Britain were unemployed. This is simply amazing when you consider that we are supposed to live in a country full of opportunities. This number is rising every day, and largely as a result of redundancy. The unemployment situation is looking bleak as a result, and so any help that an individual can get to keep his or her head above water would no doubt be welcome. This is where unemployment insurance may come in useful.
If you ask your parents or grandparents about the employment situation in the fifties and sixties they will probably tell you that you could quit one job if you did not like it and walk straight into another. Back then they also had the option of a job for life as long as they kept their noses clean. Jobs for life do not exist any more.
The constantly changing nature of industry, when coupled with demand and supply, means that a good number of individuals could find themselves unemployed at any given moment. Unemployment insurance can actually help an individual because it can provide up to twelve to twenty-four months worth of tax-free income to ease the financial burden that may be placed on you if you happen to be one of those unlucky ones.
It seems like we all have to fight for every opportunity that presents itself today. If you do lose your job then it could take time to find another source of employment because the competition is so intense. Unemployment insurance is designed to give you the breathing space you need to find a new job and yet not worry about finances in the process. Unemployment insurance will help pay the bills so you can concentrate on looking for work and support your family well into the future!