How much do you think oil prices will reduce the unemployment rate?

Question

If they say that due to increase oil prices companies are moving production back to the states due to high shipping cost, how much do you think that will actually decrease the unemployment rate? (5.5% in May 2008)

Answer 1

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Answer 2

hi dear

               i'm from singapore and u can email me [e-mail] for communication or economic enquiry; actually, the oil price does not depend the unemployment rate; from my point of view, the US economy is in recession since last year so demand for oil in the US have fall causing fall in oil price in the US assuming that other economies does not influence the world oil market; in the case of increase unemployment rate, it occurs when an economy is facing recession; feel free to mail me for further doubt; take care