Hiring freeze in NOVA and DC?

Hello all, my friend who works for INOVA in and around the DC area has told me that there's a hiring freeze within the INOVA system, due to the failing economy.

Problem is, I was planning on moving in about 2-3 months to the area, and I'm a new grad. This has me freaked as everyone tells me that INOVA is a good microcosm of the job market from Reston to Baltimore. Are things that dire?

And, if so, how does this affect the internships out there? I don't want to have to struggle when I get out there.