As for jobs, I disagree. see eg:
machine learning, nyc: 1 responsive ad (plus ads for jobs in sfbay, nonresponsive android stuff) http://newyork.craigslist.org/search/sof?query=machine+learn...
same search, sf: 10-15? http://sfbay.craigslist.org/search/sof?query=machine+learnin...
indeed has similar ratios.
As for jobs in general, if you're a good js or rails engineer with a reasonable network of friends / former coworkers, starting now at 6pm Tuesday night you could have interviews on Friday, maybe even on Thursday. And start a new job next week. I believe there's a qualitative difference.