Is market opening anytime soon for entry level designers?

I myself am looking for product design roles. All I see on linkedin and other job portals is that companies only looking for Product Designer 2 candidates/mid-senior/lead designers. Even if I see any PD1 role, they ask for minimum 1 year experience (internship experience no included). I don’t understand the rationale behind it. Its getting tough now that I am looking for a job since 2 months and its tiring. Is there anyone who understands the current market trend and has an insight about when junior/entry level designers can expect jobs to reopen? Would love to get your speculations on the hiring scene of upcoming months.