Some of the biggest mistakes a lot of students make is they choose majors that aren't in demand, they don't network with companies while still in school or seek out internship programs during the summers, or they did not attend a school that is respected by employers. Essentially they don't have a plan!
However the thing that keeps most graduates out of work is they don't interview well or they're not willing to relocate to (wherever) in order to find a job!
For example in the U.S. there are 50 states. It's rare that all of the states or major cities are in the same state of economic demise.
It pays to research. Any student who graduates expecting to be offered a $80k salary, have a personal secretary, and parking spot is being unrealistic! The mindset should be their (first) job is their (first) job. The goal should be to get some experience.
Lastly keep in mind you may have to do something else and if that is the case never overlook (sales careers) which offer an opportunity to earn high commissions; life insurance, investment brokers, along with many fortune 500 companies looking for sales trainees.
Odds are they pay a lot more than $10 per hour.