Nothing new. Circa the great recession, most of my fellow grads at a top-5 engineering school could not get jobs. Out of my friends, most of whom had internships, co-ops, and top ~10% of class, it mostly took us 6 months or so to secure a job as all our co-ops/internships cut off hiring before graduation. Many people did stuff like drive forklifts or work at walmart for awhile. Another friend of mine with a dual engineering major summa-cum-laude worked sorting screws in a screw factory, a position normally occupied by people in that town with serious mental handicaps.
