Oddly indulged unemployed (4)
I believe the answer is:
idle
'unemployed' is the definition.
('idle' is associated in meaning with 'unemployed')
'oddly indulged' is the wordplay.
'oddly' indicates alternate letters.
The alternating letters of 'indulged' are 'IDLE'.
(Other definitions for idle that I've seen before include "Lazy - vain" , "staying in bed all day?" , "At rest" , "Not hardworking" , "Lazy, doing nothing" .)