Economic Update: The Economics of Unemployment Today

from Economic Update with Richard D. Wolff

This week on Economic Update, Professor Wolff briefly discusses two current large strikes by workers fighting back: the British Columbia nurses in Canada and the commuter rail workers in New York (LIRR). The rest of today’s episode is an analysis of the 7.4 million Americans who are unemployed today, the causes and effects of that unemployment, the irrationality of that unemployment, and the current failed "policies" to deal with it.

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This episode is 31 minutes long.

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This episode was published on May 27, 2026.

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