I am still waiting for my licence to be issued by the CAA and I signed on last week. they seemed happy that I had just finished my training and it was a pain less process.
I have to agree with the point made by whisperbrick.
Worzel
I have only signed on as a stop gap for a month or so. However until I get my paperwork issued by the CAA, my hands are tied! Furthermore I am making myself available to my local flying club whenever they need someone to ferry aircraft for maintenance which is P1 hours into the log book and therefore keeping me current. I would be surprised if any Chief Pilot of any HR department would frown upon such a thing. It's not very easy to drop the fries on the floor at McDs and say to the boss that you are going flying!
I agree that claiming your dole money for a long period and/or and sitting at home watching TV non stop is not a good idea. However if you plan to use your time effectively while looking for work, then I don't see what you would have to be afraid of in a interview!
Cheers