Meaning of the word "unemployment benefit" in English

What does "unemployment benefit" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

unemployment benefit

US /ʌnɪmˈplɔɪmənt ˈbɛnɪfɪt/
UK /ʌnɪmˈplɔɪmənt ˈbɛnɪfɪt/

Noun

money paid regularly by the government to someone who is unemployed

Example:
After losing his job, he applied for unemployment benefit.
Many people rely on unemployment benefit to support their families.