# The Economy: 7. Jobs and Unemployment

Page: https://stenobird.com/podcast/understand-5784160/the-economy-7-jobs-and-unemployment
Text version: https://stenobird.com/podcast/understand-5784160/the-economy-7-jobs-and-unemployment.md
Podcast: [Understand](https://stenobird.com/podcast/understand-5784160)
Published: 2022-11-10T13:31:00+00:00
Episode link: http://www.bbc.co.uk/programmes/p0df7j3k
Audio file: http://open.live.bbc.co.uk/mediaselector/6/redir/version/2.0/mediaset/audio-nondrm-download-rss/proto/http/vpid/p0df7sc3.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/understand-5784160/episodes/the-economy-7-jobs-and-unemployment
Duration seconds: 840

## Resource

What happens when lots of people lose their jobs? Why might wages be low even though everyone who wants a job, has one? What do we mean by employment and unemployment and what does 'economic inactivity' mean? What is productivity and how does it relate to you and your job? Tim Harford explains, and Cambridge University Economic Historian Victoria Bateman tells the story of what happened when unemployment in the North East of England reached 70%. Everything you need to know about the economy and what it means for you. This podcast will cut through the jargon to bring you clarity and ensure you finally understand all those complicated terms and phrases you hear on the news. Inflation, GDP, Interest rates, and bonds, Tim Harford and friends explain them all. We’ll ensure you understand what’s going on today, why your shopping is getting more expensive or why your pay doesn’t cover your bills. We’ll also bring you surprising histories, from the war-hungry kings who have shaped how things are counted today to the greedy merchants flooding Spain with silver coins. So if your eyes usually glaze over when someone says ‘cutting taxes stimulates growth’, fear no more, we’ve got you covered. Guest: Professor Richard Davies, The University of Bristol Producer: Phoebe Keane Researcher: Drew Hyndman Editor: Clare Fordham Theme music: Don’t Fret, Beats Fresh Music A BBC Long Form Audio Production for BBC Radio 4

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/understand-5784160/episodes/the-economy-7-jobs-and-unemployment/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/understand-5784160/the-economy-7-jobs-and-unemployment.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.