Yup...same here in NJ. So many people filed claims in March, April and beyond. And you can't speak with anyone. I filed in mid-March...wasn't able to certify until May. And while the state did give me back-unemployment to the date I flied, and the back PUA money from the federal government (the extra $600 per week), NJ has not contacted me to verify my income. I should be getting the max from NJ, which is $713, but instead I'm getting the minimum of $231. Our governor keeps saying that those of us who are self-employed/independent contractors/gig workers, will get every penny we're owed. I guess I'll believe it when I see it. I've still been completely unable to reach anyone by phone or email. It's not the end of the world in my house. My husband is still employed...we have resources, and we're fine. But, there are plenty of people who are not.
And when this $600 extra ends at the end of this month, we're going to see a whole lot of people struggling. In July a full 1/3 of Americans didn't make a house/rent payment. I feel like the economic pain is being largely hidden by.....the stock market. The markets are completely decoupled from the economic landscape at this point. The Federal Reserve essentially backstopped *everything*, including very high risk debt markets. They're printing money at an unprecedented rate. I understand why they did that, but it's really masking the underlying pain for the average American. And so what is happening is that the money that is being printed by the Federal Reserve, and separately, the loans/grants being shoveled out by the Federal Government (our tax dollars)....is being snapped up, and a lot of businesses, individuals and also entities like State pension funds that need to maintain gains....are chasing risk. And so up, up, up go the markets.
Always follow the money. The earnings being generated right now in no way, shape or form justify the levels in the markets. All of these chickens will come home to roost eventually. They always do.