Market outlook & advice to PM's

Seeing a lot of people asking how the market for PM's is, and what they should do rn, so going to add my 2 cents from recent experience. My ex-company (I left last week) was hiring for PM's whom I was personally profile-screening & conducting interviews for. This happened first 4 months back, and then again 2 weeks back (for my replacement). The quality of candidates between then and now is dramatically different - there are way better PM candidates applying for the same roles & looking for a switch now, for various reasons. There is a lot more supply than demand, and that's going to make competition quite cut-throat and difficult to convert opportunities. It's less about the job market and more about the bigger & better candidate pool. My advice - Stick to roles that are within your current space/niche where you have a proven track record. Apply diligently & try to leverage your connections. Don't try to throw everything at the wall & see what sticks - it's likely that nothing will.