Actually the number, or lack there of, of jobs is completely based on experience, and what you want to do. If you're a web designer, hell, web anything, you're really SOL right now. If you're an MCSE you're really SOL right now. If you do tech support, you're really SOL right now. There are however alot of jobs (depends on city too) for application programmers, network admins, DBA's, and other specialty fields. Also there is a growing demand for multiskilled IT workers, folks who know unix, nt, networks, programming, the whole 9 yards.
The internet boom created a glut of web and nt folks, alot of it fueled by "getting rich quick in computers" along with "schools" popping up all over the country training you in NT or web stuff in just 3 months, which basically made having an MCSE worthless as anyone with 3 months to spend going to class could pass the test, but not really even know how to log into a system.
The key to getting a job right now is just like every other field now, experience, experience, experience.
Brian