Of course, we must remember, the purpose of a university education is not to get a degree.
But yes, times are difficult. I've not yet managed to find a summer job, despite having a BSc Mech. Eng., and currently in Grad studies. But as I've said, it's hardly for the sake of a job or career that we get educated at a university level. If one wants a career, there are technical schools for that. And, I must add, that as far as I see it, despite having a degree in the field, I do not think engineering has much place at a university. It belongs at a technical school. University is about broadening one's intellectual scope, not about teaching a skill set.
Anyway, the frustration today... that Humanities, once the core of the University, has all but ceased to exist in favour of, in part, the Sciences and Engineering, and such things as make the universities a profit. English, Classics, History... these things which teach the very meaning of life are thrown by the wayside because of their marked lack of value in regards to future profits. But they were and will always be the true heart of the university. To speak the much spoken words of old Cicero: O Tempora, O Mores...