Unemployment insurance refers to the system that the state enforces it through legislation and the society sets up a fund to provide material assistance to workers who have temporarily stopped their livelihood because of unemployment. It is an important part of the social security system and one of the main items of social insurance. Unemployment insurance mainly has the following characteristics: First, it is universal. Mainly to ensure the basic livelihood of wage earners after unemployment, and its coverage includes most members of urban labor force. The second is mandatory. It is enforced by laws and regulations formulated by the state. According to the regulations, units and their employees within the coverage of the unemployment insurance system must participate in unemployment insurance and fulfill their payment obligations. Units and individuals that fail to fulfill their payment obligations should bear corresponding legal responsibilities. The third is mutual assistance. The unemployment insurance fund mainly comes from social fund-raising, which is shared by units, individuals and the state, and the payment ratio and payment method are relatively stable. The unemployment insurance premiums raised, regardless of the source and channel, regardless of the nature of the payer, are all included in the unemployment insurance fund, and are uniformly dispatched and used in the overall planning area to play the role of mutual aid.

Unemployment insurance coverage

State-owned enterprises, collective enterprises, foreign-invested enterprises, Hong Kong, Macao and Taiwan-invested enterprises, private enterprises and other enterprises and institutions in cities and towns must participate in unemployment insurance and pay unemployment insurance premiums according to regulations. Employees of the above-mentioned units should also pay unemployment insurance premiums according to regulations, and they can enjoy unemployment insurance benefits after unemployment. Social organizations and their full-time staff, private non-enterprise units