If companies are doing less hiring, how does it change response rates? My naive assumption says that they would post less jobs, sure, but why specifically resp

If companies are doing less hiring, how does it change response rates? My naive assumption says that they would post less jobs, sure, but why specifically response rates? I think you're making an argument for "there is change in hiring behaviors," but that's a much weaker argument than "this is how it affects response rates."