First something you might have missed--the latest Taulbee Survey shows a small drop in the number of new undergraduate CS majors in 2019 after years of massive growth. Is it a simple blip or have we hit the saturation point? We may never know because of the change you definitely didn't miss seeing.
So let's talk about the effect of COVID. We're seeing a large drop in new international students who are having a hard time getting visas or just avoiding the US like the plague (literally). Not sure those numbers will fully come back given other alternatives and a changing international relationship particularly with China. Many undergrads have delayed college and some may never attend.
On the other hand, COVID has accelerated digitizing the economy, from videoconferencing to in-home entertainment and games to remote access to work environments. The post-COVID economy could create even a larger demand for computer scientists.
Many universities curtailed hiring last year worried and may do so in the spring given the uncertain budget situation due to the virus. Others continue to hire in computing, some to make up for last year. I just can't make a prediction for the upcoming year but I wouldn't rush to the job market if you have the option to wait. Last year the CRA reinstated the CIFellows, postdocs to help those in a tight job market, and may do so again next year. The CRA will also repeat its CV database.
Late spring interviews in 2020 went virtual and will likely go virtual again in 2021. Nevertheless take the zoom meetings seriously. Make sure your interview talk is still a discussion--answer questions people give in the chat. Still do your research to have strong conversations with everyone you talk to, especially the non-theorists. And still dress nicely, at least from the waist up. Putting on a sports coat is not a bad idea.
Though most places continue to focus on data science/ML, cybersecurity and to some degree quantum, Rutgers is specifically looking for a hire in computational complexity. Don't see that everyday.