Our employment is still at 2 percent which means that we are still at full employment. This figure is way better than many western nations.
That computer science graduate who can't find a job because he cannot code is not a common phenomenon. Too many IT graduates these days want to project managers but don't want to the hard coding.
In the IT industry, there is a shit loads of posting for fresh graduates. If you swallow your pride and equip skills that the market needs, you will definitely find a job.