Should I go for my MSN while noone is hiring?

Personally, if I were you... I would wait. Work on getting a job in an LTAC (GREAT work experience, I work in one until I can get an acute medical position) or nursing home/sub acute floor... anything. I want to go back to school for my MSN as well, and I'm glad I have 2.5 years of experience. I understand it's SO hard finding a job! I would work on your entrance exam studying, research schools, but spend most of your time finding a job. There's home health, private duty, nursing homes, LTAC's... just getting your foot in the door and then try to find another job at the same time.... and good luck!

You don't mention what MSN specialization (major) you are interested in. Have you figured that out? Most MSNs lock you into a particular role and career path, and you don't have the flexibility and options at the Master's level that a generalist (basic licensure) RN does. Any MSN will require a great deal of time, effort, and $$$ from you -- you might as well make sure you're getting a degree and career path that you really want and will enjoy. It's hard to know that as a new grad -- most people aren't even aware of the wide range of career possibilities within nursing until they've been working in the field for a while. Also, your job-hunting prospects won't be a lot better as a new MSN grad with no experience than they are now. If your main motivation is not to "waste time," getting a graduate degree is a very hard, expensive way to avoid wasting time ...

Best wishes!