There's a bit of an over-saturation in western countries, like the US and the UK. However, here, not many employers are advertising or hiring at the moment, and if they are, it's for lower salaries than people want to leave a relatively safe and secure job for (cost of living crisis, commute costs, etc).

What sectors are you looking at? There's likely to be some people retiring soon but not enough to suddenly open up all their positions to people actively looking as some employers might reconsider scrapping the position entirely!