The Market does not scale directly off unemployment numbers. Depending on how the GDP is being calculated here, it could be over-valuing certain fields and that would bias the shrinkage in one direction or another - for example, the tech industry is more likely to be able to work from home, so those businesses are still mostly operating, and tech is also a high-profit-low-cost industry that isn't as dependent on having supply chain stuff (like factories and warehouses) as other industries are.
High unemployment in tech or finance would potentially drop GDP much more than high unemployment in low-income fields would, even though low-income workers are often VERY important - nurses on the front lines right now don't bring in big money, neither do people staffing grocery stores or fulfillment warehouses.
High unemployment in tech or finance would potentially drop GDP much more than high unemployment in low-income fields would, even though low-income workers are often VERY important - nurses on the front lines right now don't bring in big money, neither do people staffing grocery stores or fulfillment warehouses.