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it will not hurt your credit. And employers don't look down on it as long as unemployment isn't collected over an extensive period. I've collected unemployment pay before from having a seasonal job (skiing). The downfalls are as follows:
1. The paperwork and getting everything legit and into the system takes WAAAAYYYYYYY too long. It's so fucking frustrating almost to the point of encouraging you to go get a job so u don't have to deal with it.
2. obviously the full rate of pay is barely livable, but when you get layed off... you take what you can get.