I am not sure if there is an actual shortage, but it looks like that you can get a job in a reasonable time after completion of you ATPL (f) if you did fairly well in your training with no major hiccups.
There has been a lot of movement in the market lately, people moving on to different airlines, or leaving smaller operators for the big shiny jets. At smaller airports, you can definitely see that they are shorthanded of well-trained pilots. Think about areal survey flights, photography flights and random sightseeing flights. Them being short of pilots is a good indication of what might be coming to the airlines too if aviation keeps on growing at this pace.
So I am not sure about a shortage but it definitely looks very good for people coming out of school this year or planning to move on to a different airline.