Similar observation here, after 7 months of absolute hell of financial difficulties and humiliation forcing me to move back in with my folks I literally went to having a possibility of overemployment or being picky again literally over a couple of weeks which also gives me hope that compensation will finally start to catch up to the inflation.
Wonder why is that, but I would guess it might be that overzealous layoffs motivated by short-term bump in stock price started backfiring, especially considering the maintainability of so many, many commercial projects where turnover absolutely does not help.

Though I wouldn't count my chickens before they hatch, the system is abso-fucking-lutely not rational and the global economy is on a path of going from crisis to crisis.