> I've heard stories of recruiters who were seeing 1 resume per week now seeing 300 resumes per week, but I'm not noticing any sentiment of widespread panic on HN or even Reddit.

I can tell you that candidate expectations have changed a lot in recent months.

For a while we had a lot of candidates applying who wanted to stretch the interview process out to 2-3 months so they could shop around, compare offers, then negotiate up as much as they could. Candidates would frequently disappear from the interview pipeline or go weeks between following up.

Now that quality of resumes we receive has increased dramatically. Applicants are much more responsive and are making it clear that they're willing to do anything, as opposed to holding out for their dream job.

Meanwhile my employer is celebrating the latest salary comp data showing that industry-wide compensation has declined sharply.

There are still jobs out there, but it's no longer easy to put in a little effort and find a good job. It's now a competition.