I don’t know, I’m hiring and the candidates so far have not been impressive.
Maybe that is restricted to my area / region but I got one am confused.
What's your area, what qualities are you looking for, and what's your filtering process?
If you're not in a major hub and ATS is filtering out all the good candidates not gaming the system, the results are inevitable. If you're looking for a senior for junior or less pay... Well, it's easier to keep searching than take a job that literally can't pay rent in some high COL areas.
That signifies that your company is not appealing to impressive candidates for some reason or another. Companies that offer good pay, some other great benefits in the place of good pay, or kind of okay pay but very interesting work have no trouble getting people, especially in today's market.