I graduated in May of 2003 and it took me 3 months of searching (along with looking all during my senior year) plus knowing someone to get a job doing tech support for a software company. It sucked and I didn't feel like dealing with it anymore so I'm back in school doing something else. I'm not sure how bad it is around the country but in my neck of the woods its pretty hard to find a decent job. (I'm in louisiana if that helps at all)
But don't get discouraged. You might find something great that you like. I just got frustrated trying to help salon workers use software over the phone. I know Ayo has an IT degree and has a good job that she enjoys.
I graduated in June with a BS in computer science. Fortunately, I found a job in April with a company from various job fairs I attended on campus. The market is supposed to be getting better this year than last, although I am not sure how IT varies...?