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Never stop. My job opened up in a normally slow time and I applied at the right time.
Agreed with @Associate1. Openings are generally scarce so always be looking, you never know what will pop up.
Definitely. And to make your life easier, try setting up Google alerts for the job/firm etc. that you're interested in.
Try applying for openings now before the market gets flooded post-bonus payouts. Q4 hires mean they really need to fill the job and are generally easier to negotiate.