I'm an engineering manager with more than 13 years of experience, web dev for much longer.
I've been applying since March, as my company started showing a lot of signs of toxicity and financial troubles. Last month, less than a year from their previous layoffs, they did another round and was part of it.
The majority of the jobs I've applied for didn't answer. A mere 1-2% replied. I had the luck to go through the full interview process with a handful (4 since March) only to be discarded at the very end.
The market is definitely over-saturated. To the point that companies have become extremely picky and failing a small thing might mean getting cut off.
I'm currently on hold since August was really flat, and will resume in September. Let's see...