Perhaps you need grey hairs to know just how bad it is out there (I have lots of grey hairs). What's a graduate to do in these circumstances?
One ploy is to take what's offered and stick it out for at least a year (on the 'bird in the hand' principle). Another ploy would be to spend the next year gaining a postgraduate qualification, or travelling, or working voluntarily. Anything to differentiate your CV from the many others graduating in a recession.
What should a second year student do, faced with the option of a placement year or returning earlier to complete their studies? Take the placement year option. Here's the amazing thing: I hear there are more vacancies than there are students chasing these CV-building opportunties. I don't believe it!
I also hear there are opportunties at Publicasity in London (for a summer intern and for a graduate or year placement student); just as Wolfstar in Leeds is on the lookout for new talent. These two have something in common: they're looking for students with social media expertise.
All those wasted hours on Facebook and YouTube could prove to be your big career break. Only someone with grey hairs could think 'I don't believe it!'