I think people sometimes don't consider how small a shift in supply and demand in a labor market can change things. A couple percent of the industry's workforce

I think people sometimes don't consider how small a shift in supply and demand in a labor market can change things. A couple percent of the industry's workforce laid off, and even 5-10% fewer open positions (I suspect it's much worse than that), and suddenly a hot job market looks a hell of a lot cooler.