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Yea, it really sucks. Although I am gainfully employed now, it wasn't long ago that I was in the same boat. It's still nerve-wracking, though, because I feel like at any given moment, I can be thrown back into the same situation without any hope for recovery.
And although the majority of the people I interact with are slightly older than me, I still see several of my friends (in DFW and Houston - the places that are "among the best," as far as the current job market is concerned) who are hungry to work but just can't catch a break.
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*does side bends and sit-ups*
*doesn't lose butt*
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