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I would agree that the degree has little influence over the ability to gain employment. I am a mid level college adminsitrator with a BA in English and an MA in Liberal Arts that I earned more than 10 years ago. And it's not any different today than it was then, nepotism really helps.
I graduated having chosen my major in the second semester of my junior year and only then because I couldn't take any more classes without declaring a major. I went to grad school because I wasn't quite ready to do the job hunt thing, and after getting my degree, it took me almost a year to find a "real" job. However, the only reason I did was because of nepotism. And seriously, having been in my field for as long as I have, I see it work out over and over, which is why having a mentor REALLY helps.
I think that some of the really good advice that has been given on this thread has been: 1. get a mentor, 2. get an internship, 3. don't be afraid to move. I would add that you need to think about employment as a career as opposed to a job/paycheck. It makes all the difference in the world in terms of how you approach your search.
Knowing what moves you and gives you purpose is helpful. That means figuring out what you LIKE to do (despite what your degree is in) and finding a way to make money doing it. (and belive me you can make money doing pretty much anything)
Once you've figured that out, doing your research is important; you need to be able to anticipate questions for interviews or be able to write a business plan if you are going to go it alone. Don't underestimate the power of preparedness, and it's ok to ask someone who you did interview with, why you didn't get the job. ( "I am going on future interviews and would like to strengthen my interviewing skills. What feedback can you give me that might be helpful?") While rejection hurts, it can also help you if you use it to your advantage.
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