There are still jobs. Most certainly not-so-many or easy to get, but there are.
I claim this, because I was that lucky guy who found it.
Finished via modular route last summer, the company, who's ab-initios we were, was closed down, so we found ourselves literally on the streets- and then the job market collapsed.
After numerous CV's and endless 'social chatting' found two places.. partly sponsored instructor route, or office clerk job in business jets.. Choosed second option and hoped..
Finally, at the end of may, went to the typerating course of LR60 and now attending on line training.
You dont have to got 5000 hours to get a job. You dont need to pay your own typerating and linetraining to get your first flying job. You dont need to go to RYR to get a job. Its all about who knows you and who might get you a tip, when any job, which may end in the cockpit.
As a wannabe, I can only suggest, prove yourself. Clean a/c, work in office, let the bosses know you, who you are and that you are reliable.. and you can get in..
Best of luck..