The most common and most likely answer to this crossword clue is the 4 letter word GIRO
I've seen this crossword clue in Financial Times
G
I
R
O
More clues leading to the result GIRO
Buddy explains!

The straight part
We know that "money received when unemployed" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case money received when unemployed = giro.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does GIRO mean?
GIRO noun- (in Europe) A transfer of funds between different account holders, carried out by the bank according to payer's written instructions.
- An unemployment benefit cheque.
- To transfer funds between different account holders, carried out by the bank according to payer's written instructions.