] A San Francisco-area database company recently posted 10
] IT positions on Monster.com. It was flooded with more
] than 8,000 resumes. Only 10% of those will be
] scrutinized. And of the people who sent those 800
] resumes, perhaps five to 10 per position will be called,
] and only half of them will be invited for interviews.
] Those lucky few will then wait about a month just to get
] to the point where they can sell themselves in person.

This article is a little dated, but basically, the job market is still fucked.

The New IT Job Hunt - Computerworld