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There's a high probability that if the unemployment rate surges, then the Federal Reserve pivots to FULL Q.E./turns on the money printer in expectation of a Recession, and to prevent an actual Economic Depression.
I guess that we've seen this already during the pandemic on what happened. When money printer keeps on going to brrrrrr, this will reflect on the Bitcoin economy as most of these cash will go to the market because they know that it will cause inflation and to make the most of the value of that money, it should go to something valuable and appreciating asset and that's with Bitcoin. While that's what I am thinking right now, the visibility of the layoffs are there from the top companies, LinkedIn, Google, Microsoft and the list goes on.