Employers will use the economy to hire the cheapest candidate possible. You need to determine if you can work for the wages they offer. You also need to find a position that fits where you want to be and what you want to do. I have interviewed for several of the open Country programming positions. I live in California and these jobs were in the Midwest and East. I expect to work for less than I did in my last position, but not criminally less. Beware of the dead end interview, where you are caught up in a interview loop and nothing progresses from one interview to the next. Ask them where it is going. Just because you are unemployed doesn't mean you aren't a human being with feelings. The positive; Most of these opening were filled in several weeks, unlike years ago where it would take months.
This will come back and so will the jobs. I'm waiting it out. I can't program a radio station in this environment. I don't want a job, that is a job to keep my job. That's not why I got into radio. I got into this business because it was fun and I was fairly creative and dedicated to what I did. So you want off the beach and back to the grind - Do it! - But remember you can control some of the attributes of the search.