Bloomberg had an article recently on how some unemployment programs foster entrepreneurship.
Founding a business isn’t for everyone. Hours are long, initial earnings puny, and the failure rate high even in boom times. A weak economy makes everything harder.
For some displaced workers, however, self-employment may be their best hope. Entrepreneurial aid to the jobless is typically aimed at older, educated workers who lost good jobs in battered industries. With the national unemployment rate above 9 percent, such candidates face slim odds of finding appropriate work through a standard job hunt.