It's too bad everyone on the internet is so spread out. If there was a central place we could meet, we could start an internet collective for those of us who can't find jobs... :\
But yea, I'd worry too Pred. It's really not the nicest picture here...it seems like just enough students are getting some sort of job or living with their parents for it not to be a problem, but there's a huge student loan bubble brewing, and when that pops it's not going to be fun. :\
As for the Aerospace path, my one bit of advice; think for yourself. Aviation in America is being strangled by overregulation and underimagination. Be creative, have fun, don't think that aviation design is all number crunching. If you go through a college degree, that's all they'll make you do, but if you really want to design, be imaginative and think for yourself. Experiment.

Don't turn into a highly-paid calculator.