I remember it well, and it wasn't even a recession back when I graduated. Four years of college and a Bachelor's Degree later I had interviews where I competed against at least twenty other candidates.
It took a couple of years for me to find part time work, which eventually became full time. In the meantime, I worked several jobs at all hours just to make my bills. Had I known about Affiliate Marketing back then, I certainly would have preferred it to working as hard as I did.