I'm not really sure it will. yes there is a surge o unemployment but that is not because thy lost their jobs. Its because states and cities have set up restrictions on people and in some places thy are restricted to their home for 15-30 days. Thy have not lost jobs, thy have been on hold for the most part in some areas to keep it from spreading to fast. We know its going to spread we just need to flatten the curve so we don't have a huge spike and not enough resources to help them like italy.
A lot of the surge in unemployment is permanent lost jobs too unfortunately. here in Seattle area we've already had 50+ restaurants go under. its by no means a majority, most filing for unemployment will be back to work when this ends. But as the days go by that is changing more and more. 2008 is going to look rosy compared to how plays out.