My neighbor (who was out of work 2 months as of mid December) told me he would stop looking for work during Christmas to spend more time around the house. He liked the ability to get things done. On February 1st I asked how the job hunt was going and he told me he was in no rush as unemployment benefits were being extended again. His wife chimed in “I figured with a few cutbacks in what we spend, I could stand to lose my job as well and we can still make our house and boat payments with what we would get from unemployment insurance”.
This is what most people I know do when they get laid off. They don’t look for another job until unemployment benefits are up.