Imo this is the worst market I've seen since 95 when I started.
I would warn people against blaming the market entirely for their problems finding work. I've seen stats suggesting that most tech employees who have lost their jobs have been able to find work within a couple of months. My own experience suggests this is the case. It's harder for sure, but it's far from impossible.
If someone's been looking for 6 months and are not even getting to the interview stage something else is going on. To blame it on the market would deny themselves the opportunity to self reflect on why they're finding it difficult. I've seen a lot of that this year.
This time, there are the dark clouds of AI and lots of economic instability, along with higher interest rates to deal with. Not to mention record corporate debt.
Also this time is much different because coding was marketed as a way to just go to bootcamp and get rich, so it brought in hundreds of thousands of people on the low end.
Much diff than the dot com bust IMO.