Wow. This is a startling finding. Half of U.S. singles aren't looking for relationships OR hookups.

https://www.pewsocialtrends.org/2020/08/20/nearly-half-of-u-s-adults-say-dating-has-gotten-harder-for-most-people-in-the-last-10-years/
Note that this data is from October 2019, so it's definitely not due to coronavirus.
Here's a detailed breakdown by age and gender. Even among young people, "not looking" is over 1/3.
Responses indicate that most are just not interested, or have other things to do.
Women are more likely than men to say that dating has gotten harder in the last 10 years.

But the number saying dating has gotten harder is much larger than the number that say it has gotten easier, across all groups.
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