Unemployment insurance extension is a temporary extension of unemployment benefits for individuals who have exhausted their regular state unemployment benefits. This extension is typically available during periods of high unemployment, such as during a recession.
There are several reasons why unemployment insurance extension is important. First, it provides a financial safety net for workers who have lost their jobs through no fault of their own. Second, it helps to stimulate the economy by increasing consumer spending. Third, it can help to reduce the number of people who fall into poverty.