depends on a lot of things. If you're in a technical field and you have experience...I honestly think you might as well take an easy job as a tech support person or something to pay the bills. Meanwhile you keep looking for jobs, posting your resumes, trying for interviews.
Honestly having a masters in a technical field won't help you *THAT* much when it comes to landing you your first job. If anything it will allow you to command a higher salary. But keep in mind you gotta spend the money on grad school for 2 years and unless you're already rich, you will have to live as a poor student during that time.
The economy will pick up soon...hopefully next summer things will be a lot better. Its never going to be how it was 2 years ago, but it won't be as ridiculous to find a job as it is now.