most that I know in this situation are doing anything they can for work... ie home health, LTC, immunization clinics, etc... everything is pretty much prn w/ no benefits.
I know nurses that are still HUCs and PCTs/CNAs and have been out of school almost a year. There have been a hand full of new grad programs start back up this year: mayo, abrazo, pch, to name a few... but there are so many applicants because of the surplus of new grads that every new grad job has 100's of applicants... so it's sort of like hitting the lottery.
I'm sure it will change... and no one I know is giving up. But there was a wait to get in school (like 2 yrs), then school (usually 2 yrs), now there is a wait after school (hopefully not two yrs!)