Job market is sort of similar to the real estate market. If you're shopping for a house (or looking for a job), it's pointless to look at the "market as a whole", because that's not the segment you're in: you're shopping for something narrow and specific.
A much better statistic would be to break things down by specialization, seniority, and whether or not a person had a stint at FAANG (which, and this will be deliberately misinterpreted, is a proxy for not completely sucking as an engineer). It's plausible that things have stagnated or gone down in the lower-skill segments with over-saturated labor supply. But anecdotally, on the higher end and in the segment where the talent is relatively scarce, I've never seen it better than it is now.