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This has been going on for a while, at least 10 years in every industry and companies. It has all to do with the easiness of applying for jobs, and the use of AI to screen candidates. Then the second factor is lack of jobs which allows companies to hav the upper hand, why hire extra staff when there is an abundant of candidates that are willing to jump for a dime.
Businesses are very dynamic, they will adapt. It would not the first time there are more candidates than jobs. Schools at least the one that I know have different needs and deal with hiring differently, pregnancy’s and leave are treated as priority, where retirements, or teachers leaving at the end of the school year get posted around March on, and a candidate will not hear back until early June. Once that process starts, a candidate is hired within a week.