It is how it sounds. I know I'm not the only one to lose a job on here recently so this is for those who are also out of work. What industry were you in? What did you do? How long have you been out of work?
I just recently got a job after a long time unemployed (about six months in total), so hang in there—there are people hiring. In an economy like this, you really need to lean on your friends to keep you up to date of under-the-radar job opportunities. Most places are making hiring decision before jobs even get posted.
You may also want to think about making a lateral move from the industry you were working in to something new with an overlapping skill set. I used to work in the publishing industry as an editor; my experience with anatomy and medical topics was a key reason I was able to get my new job in cancer research writing.
Aside from that, I can only say that ancedotal evidence shows that the job market is improving somewhat—I got two calls from my old temp agency last week asking me if I was interested in work because they had some opportunities for me.
Good luck!
