Whatever else is wrong with our glorious economy, entering your working life during a recession totally sucks. I avoided it by going to grad school, but I left college at what was fortunately the tail end of a recession, though it didn't feel that way at the time. A lot of my friends had no or shit jobs for a couple of years before things turned around. And they did turn around. When I graduated college the unemployment rate was about what it is now, and then it headed down. Due to the Bush I recession, unemployment was, roughly, 7-7.7% for about 18 months. The unemployment rate has been above 7% for almost 5 years now, and of course significantly above 7% for some of that time.
I get enraged when I see people hating on the kids today. You try graduating into this mess.