I see you already have 27 replies...but I'll throw in my two cents.

I didn't believe it was this bad until I was made to believe it. My kid with 1 year full time experience at a FAANG adjacent company and a 6 month internship prior to that, is simple unable to get ANY interviews at all. And he is genuinely good at software development, much better than I was at his age.

I was skeptical, I thought his approach was wrong, I thought this and that. He let me take over his job looking process for a week. I submitted over 100 applications for positions local and remote - positions that he is qualified to do. Not a single interview. Not even a phone screen.

Compare this with when I left college. Interviews were available at the drop of a hat.