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Brooklyn Knight

Washington ESD unemployment benefits during economic downturn - how does Fed policy affect claims?

I've been following the news about supply chain issues and inflation, and I'm wondering how Federal Reserve policy changes might affect my Washington ESD unemployment claim. I was laid off from my manufacturing job two months ago due to supply shortages, and I'm curious if Fed decisions to reverse adverse supply shock effects could impact unemployment benefits or job availability. Has anyone else noticed changes in their claim processing or job search requirements when the economy shifts like this?

The Fed's monetary policy doesn't directly change Washington ESD benefit amounts or eligibility, but it can affect how many jobs are available when you're doing your required job searches.

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That makes sense. I've noticed fewer job postings in my field lately, which makes the weekly job search log harder to complete.

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Same here, the job market feels really tight right now compared to when I filed my first claim last year.

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When the Fed tries to combat supply shocks, they usually adjust interest rates which can stimulate hiring in some sectors. Your Washington ESD benefits stay the same regardless, but the job market might improve faster.

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Good to know the benefits won't change. I was worried about that affecting my weekly claim amounts.

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Yeah, your weekly benefit amount is locked in when you file your initial claim with Washington ESD.

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I've been struggling to get through to Washington ESD to ask about extending my benefits if the job market stays rough. Anyone have luck reaching them lately?

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I had the same problem until I found Claimyr (claimyr.com). They help you get through to ESD agents without waiting on hold forever. There's a demo video at https://youtu.be/7DieNd3C7zQ that shows how it works.

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That sounds too good to be true, but I'm desperate. How does it actually work?

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It's legit - they basically monitor the phone lines and call you back when an agent is available. Saved me hours of hold time.

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From what I understand, when there's an adverse supply shock, unemployment typically goes UP, not down. So if the Fed is trying to reverse those effects, they're probably trying to bring unemployment back down to normal levels.

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Right, that's what I was thinking too. More people like me getting laid off due to supply issues.

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Exactly. Supply shocks usually mean companies can't produce as much, so they need fewer workers temporarily.

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The Fed's main tools are interest rates and money supply. Lower rates can encourage businesses to expand and hire more workers, which would help unemployed people find work faster. But your Washington ESD claim processing and benefit amounts aren't affected by Fed policy directly.

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That's reassuring. I was worried my claim might get cut short if economic conditions changed.

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No, your benefit duration is set when you file. In Washington you get up to 26 weeks typically, regardless of what the Fed does.

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Well, Congress could change unemployment programs, but that's separate from Fed monetary policy.

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I work in economics and can tell you that expansionary monetary policy (lower rates, more money supply) is typically how the Fed responds to adverse supply shocks that increase unemployment. This should theoretically help job creation.

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So if they're doing that now, does it mean more manufacturing jobs might open up soon?

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Possibly, but it takes time for monetary policy to work through the economy. Could be 6-12 months before you see significant job growth.

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That's a long time to wait when you're on unemployment benefits.

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This is all way over my head. I just want to know if my weekly claims will keep getting approved while I look for work.

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As long as you meet the work search requirements and file your weekly claims on time, your benefits should continue regardless of Fed policy.

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OK good. I've been doing my 3 job searches per week like Washington ESD requires.

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I think people are overcomplicating this. The Fed can't directly create jobs, they can just make conditions better for businesses to hire. Your unemployment benefits are a state program, not federal monetary policy.

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True, I guess I was conflating different types of government intervention.

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Yeah, Washington ESD operates independently of Fed policy for the most part.

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Been on unemployment for 4 months now and honestly the job market feels terrible regardless of what the Fed does. Maybe their policies work in theory but it's not helping me find work.

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Hang in there. Have you tried using WorkSourceWA for additional job search resources?

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Yeah, I'm registered there. Still struggling to find anything in my field.

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Same boat here. The economic theory doesn't match the reality of job hunting right now.

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Wait, can someone explain what an adverse supply shock actually is? I keep hearing this term but don't really understand it.

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It's when something disrupts the supply of goods or services, like supply chain problems, natural disasters, or commodity price spikes. This usually leads to higher prices and unemployment.

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Oh, so like when gas prices went up and shipping costs increased?

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Exactly. That's a classic supply shock that can hurt the economy and increase unemployment.

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I tried calling Washington ESD yesterday to ask about how economic changes might affect my claim and couldn't get through after 2 hours on hold.

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I had better luck using Claimyr to reach them. They handle the calling and waiting so you don't have to sit on hold forever.

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Is that expensive? I'm on a tight budget obviously.

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It's worth it when you need to talk to ESD about important claim issues. Check out their demo at https://youtu.be/7DieNd3C7zQ to see how it works.

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The bottom line is that Fed policy affects the overall economy, but your individual Washington ESD claim is governed by state rules that don't change based on monetary policy.

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That's what I was hoping to hear. Thanks for clarifying.

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Right, your benefit amount and duration are set by Washington state law, not federal economic policy.

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If the Fed is trying to reverse unemployment effects from supply shocks, they'd probably use expansionary policy - lower interest rates, quantitative easing, etc. But like others said, this doesn't directly impact your ESD benefits.

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Good to know. I was worried about potential benefit cuts if the economy changed.

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Your benefits are an insurance program you paid into while working, so they're pretty stable regardless of current economic conditions.

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honestly this economics stuff is confusing but all i care about is getting my weekly $547 from washington esd and finding a job

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Fair enough! Just keep filing your weekly claims and doing your job searches. The rest is background noise.

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exactly, thanks

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I wonder if Fed policy changes could affect the types of jobs available though. Like if they're trying to stimulate certain sectors of the economy.

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That's a good point. Manufacturing might recover faster than service industries depending on the policy approach.

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Interesting. I'll keep that in mind when I'm doing my job searches.

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Been dealing with Washington ESD for months now and honestly I think they're too busy processing claims to worry about Fed policy implications. They can barely keep up with regular claim processing.

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So true. I've been waiting 3 weeks for adjudication on my claim and can't reach anyone.

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Have you tried Claimyr? They specialize in getting through to ESD agents when the regular phone lines are jammed.

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I'll check it out. At this point I'm willing to try anything.

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The key thing to remember is that monetary policy works with significant time lags. Even if the Fed implements perfect policy today, it might be 6+ months before you see job market improvements.

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That's a long time to wait when you're relying on unemployment benefits.

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True, but at least Washington ESD benefits can last up to 26 weeks, which gives you some runway.

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I think we're overthinking this. OP asked about Fed policy but really just wants to know if their unemployment situation will improve. The answer is maybe, but not immediately.

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Yeah, you're right. I guess I was hoping for a more direct connection between Fed policy and my job prospects.

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The connection exists, it's just indirect and takes time to materialize.

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Just want to add that if you're concerned about your specific ESD claim or need to discuss how economic conditions might affect your benefits, definitely try to speak with an agent. The phone system is awful but services like Claimyr can help you actually get through.

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Thanks, I'll keep that in mind if I need to call about my claim.

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The agents can give you much better specific advice than we can speculate about here.

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To directly answer your original question: Fed policy to reverse supply shock unemployment effects typically involves stimulus measures that should eventually help job creation, but won't change your Washington ESD benefits or claim processing.

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Perfect, that's exactly what I was wondering. Thanks for the clear answer!

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Yeah, this thread got pretty deep into economic theory but that's the practical takeaway.

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