I really, really don't think so. Not in absolute terms. A lot of people got used to life on easy street with remote work and sky-high salaries. I think that has made a lot of software people complacent and picky. If you want a job, any job to put a roof over your head, it's still easier than the national average and the national average is also really, really good. The current data says the unemployment rate for software engineers is just 2.4% which would probably still qualify as a labor shortage.

https://www.comptia.org/newsroom/press-releases/tech-industr...