Before you get too excited, I have more bad news. We are getting closer to the next recesion. Based on historical data, I was predicting a recession +/- 2011, but with the housing market having such an effect on the overall economy, the ripple effect can possibly usher in the next recession earlier than would be expected.

Right now, the hope is that the housing market and mortgage melt down will not prematurely drag us into the recession early, BUT at this point no one knows for sure?

Either way, two years from now puts you dangerously close to or in "harms way." Be prepared for what could be a very dissapointing job search if you graduate in/around the upcoming recesion.

Your best bet is to start looking for the job you would want when you graduate and start interning at that company by/before/around 2009 while you finish your degree. Otherwise be prepared to sit on the sidelines without a job that requires a degree until the economy bounces back... which could take several years?