There are definitely fewer jobs, but there are also many fewer nurses who are interested in working in psych settings, so it seems to sort of average out. How willing organizations are to hire new grads often seems to be related to the location and how large a candidate pool facilities enjoy. When I graduated many years ago, it was a given in the medium-sized city in which I had gone to school that new grads could not get jobs in specialties. All the healthcare employers in the area required two years of med-surg experience in order to be considered qualified for any specialties (yes, there was a time when two years was considered the bare minimum acceptable amount of experience for, well, anything). The area was large and desirable enough that there were plenty of experienced nurses for employers to choose from, and they didn't have to hire new graduates if they didn't want to (although everyone was good about hiring new grads into med-surg units and providing decent orientation). A friend of mine was visiting faculty at a university in a rural area a few hours (drive) away, knew I was interested in psychiatric nursing, and got word to me that the psychiatric unit at the community hospital up there had an opening (that had been open for a while) and encouraged me to apply. I applied, interviewed, and got the job -- not only did they not insist on previous med-surg experience, they were delighted to get someone fresh out of school with all the new, up-to-date book larnin'. There were no nursing schools in the area pumping out new grads, not a lot of new people came to the area, the nursing population there was pretty stable and there weren't a lot of nurses interested in working in psych. I ended up staying in that job three years (and only moved on because of serious changes in the management and ownership of the unit), and have spent most of my adult life living in that area.
How determined are you to get into psych nursing right away? Are you willing to relocate to wherever you can get a psych job? Best wishes --