Same here. Laid off from a Senior Management position with global responsibility and not a shot in the dark to get a job right now. Qualifications don't seem to matter much these days, as it's more along the lines of who you know and who you blo.... yeah,...that.

Bottom line, as with many other recessions, it encourages you to get creative...very creative. Some of today's largest companies have been founded throughout recessions, driven by pure desperation of their founders. Rather than losing everything without doing anything, it's better to risk it all and still only lose as much as if you hadn't done a thing.
It's always easier said than done, it still requires a leap of faith to actually go out there and do your "own thing". Yet, in the end, it's all you got left.
Sir Richard Branson said:"The brave may die sooner, the cautious may never live at all". Roll that one around in your brain for a while.
It comes down to looking around in your immediate area and matching it with your skills, talents or interests. What are you good at, or where are your interests that you can capitalize on to get better at offering a service or product to a potential end user or client?
Once you found your area of expertise and growth, unfortunately, you'll have to hit the streets and utilize guerrilla marketing tactics to get your name out and your services booked. Google for the best ideas, they usually come cheap as they're directed towards the beginning entrepreneur.
While you're doing all that, keep your resume up to date and apply to the minimum number of jobs as required by the unemployment compensation requirements of your state. Better yet, make a note of applying to at least 5 jobs/day. If you don't get any call backs (happens to me constantly), don't despair, but keep on trucking and push your own ideas, concepts and services forward.
Worst case scenario; you don't get a job, but you're trying your own hand at your own business. if it works out, you may never need to work for anyone else gain. in addition, if you screw up, you can lay yourself off.
Best case scenario: you get your own company going, then you get a job offer and you're confronted with a decision between your own work or making money for someone else. ...shouldn't be a tough one, really
Best of luck...keep this thread updated!
M.