There are always a ton of companies looking for good talent. However there are not nearly as many as a couple year ago: there is more good talent looking for a job than there are jobs. This has happened before, it will happen again (this is easy for me to say - I still have a job, but I've been there before and I know first hand how bad it is when you need the job).

Good luck to those of you looking for a job. My company is hiring a few people, but if someone leaves today there is only a 20% change we hire someone outside to replace them so I can't really offer leads worth looking at.