Why the Feds Want to Give Aspiring Entrepreneurs Unemployment Benefits

Applicants line up at a job fair on Dec. 6 in New York Photograph by John Moore/Getty Images

In a recent post on the U.S. Labor Department blog, Labor Secretary Hilda Solis and Small Business Administration chief Karen Mills trumpeted a “common-sense” initiative to turn unemployment benefits into jobs: Make it easier for laid-off workers to collect unemployment while they start businesses. Would-be entrepreneurs wouldn’t have to hire people to be eligible for benefits; they’d just have to show they’re spending their time trying to create the new venture.

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