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Funemployment 

state of unemployment where one is not looking for a job either because they're on unemployment or cause their sugar daddy/momma is paying their bills
Henry: Shouldn't you try to find a job?
Howard: Please nig, I'm on funemployment.
Funemployment by Kenny5 June 17, 2009

unemploymentating 

This is a portmanteau of "unemployment" and "marinating" meaning to simmer or bask oneself in unemployment for a short period of time.
Greta was clearly unemploymentating after being laid off, as she had made little effort at searching for another job.
unemploymentating by gretav2 December 27, 2009

Funemployment 

The act of being on unemployment and instead of using the money to pay bills you decide to use it to party.
All drinks are on me tonight, my funemployment check just came in the mail.
Funemployment by jburr843 November 3, 2010

funemployment 

A period of fun, after losing one's job, living on state funded benefits which will eventually run out. Best not to milk funemployment too much.
When people are having the time of their life living on funemployment, they should keep in mind the longer they remain unemployed the more difficult it will be to find a job. And the period after funemployment is anything but fun.

Funemployment Vacation

A vacation one takes when one is unemployed and not looking to be employed; usually subsidized by some sort of governmental aid benefits, i.e. Unemployment, SSI/Disability
Helen: "my California adventure is drawing to a close and I will be heading back home one week from today"

Don: "Funemployment vacation over, sad"

Funemployment 

1. An act of cheering yourself up by using the time you’re unemployment to have fun.
Kara Danvers decided to get off the couch and start her funemployment after being fired from Catco Worldwide Media.
Funemployment by Ragingangel13 July 14, 2018