Just to mention, Rabbit, I graduated from college in 1981, and if you type "recession 1981" into Google, you'll see that the economic climate was very similar. So I'm not just talking out of my ass.
It took me a year to get a full-time job and that job was not in any area of interest. In the meantime, I moved to a bigger town and moved in with a girlfriend who was getting divorced, and her little boy. I slept on a fold-out sofa bed in the living room. I tended bar, did cocktail waitressing, worked in commission sales, did a semester research project for a school district and did temp secretarial work.
BTW, one very cool thing that came about because of all that foolishness was the little boy (who is 29 now) thinks of me as his second mom
So you never know.