As (from here in hated) federal worker... only ONE PERSON I know actually got approved for unemployment. And we are the pool who didn’t get back pay.
Don’t believe all the media tells you.
Increased taxes, higher insurance premiums, etc means lower disposal income to create jobs since our economy is based on consumption. Also, there are many who are on ‘Capital Strike’ that need to be considered in the statistics.
As long as the Fed keeps buying US T-bills and stock equities on the stock market to the tune of $85billion/month (roughly an equal split), the stock market could give a crap about the economy.
To me, it isn't capitalism anymore; it is the refuge for government-connected scoundrels and a repository for the stolen wealth (even that not earned yet) of the taxpaying citizens of this country.
One day, the lights in the kitchen will be turned on and the rats and roaches will scurry, and the wealth there will vanish overnight to parts unknown.