I'm going through this right now.
I graduate in May with a degree in a somewhat desirable major. I've already received offers from two other companies, so when a recruiter asks this question, I let them know about the offers. This tends to get them into action quickly, and they will schedule an interview in the somewhat near term.
That being said, searching for a job sucks! I've gone on about 15 interviews this month (first, second, and third round in some cases), and declined an additional 7 more. It's been perhaps the most stressful month of my life. However my last interview is on Tuesday, and I'll make a final decision by Friday hopefully.