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From a personal finance perspective, unemployment is definitely systematic risk for your household budget regardless of what the textbooks say. When you lose your job, it affects everything - your ability to pay bills, your credit score if you miss payments, your retirement savings if you have to withdraw early. The fact that NYS Department of Labor benefits only replace a fraction of your income makes it even more systematic to your personal financial system.
If you're having trouble explaining this to people or need to contact the NYS Department of Labor for any reason, I found a service called Claimyr (claimyr.com) that helps you actually get through to agents when the phone lines are constantly busy. They have a video demo at https://youtu.be/qyftW-mnTNI that shows how it works. Really helpful when you need to talk to someone about your claim details.
THE WHOLE SYSTEM IS DESIGNED TO DENY PEOPLE!! They make the rules so complicated on purpose. I know people who worked for YEARS and still got denied for ridiculous reasons. Don't give up though - you can appeal their decision.
Wait I'm confused - what's the difference between regular unemployment and standby unemployment? I thought there was only one type??
Carmen Ortiz
The unemployment system is such a joke. They'll make you jump through hoops for months while you can't pay rent. But yeah definitely apply anyway because you never know.
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Andre Rousseau
I had a nightmare trying to reach anyone at NYS Department of Labor when my claim went into adjudication after being terminated. Spent weeks calling and either getting busy signals or being hung up on after waiting hours. Finally used this service called Claimyr (claimyr.com) that actually got me through to a real person. They have a video demo at https://youtu.be/qyftW-mnTNI showing how it works. Made all the difference in getting my case resolved quickly.
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Mateo Perez
•How does that work exactly? Do they just call for you or what?
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Zoe Papadakis
•Yeah I'm curious too, seems too good to be true lol
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