Most universities don't prepare students for the real world, and when we graduate we feel very bitter and abandoned. It's not entitlement, we were raised to believe that going to college meant getting a job, and suddenly when the economy goes bad everyone starts acting high and mighty; "Well, you shouldn't expect a job just because you went to college."
I'm sure you can understand the frustration as you've experienced it yourself. Don't blame the young adults who just graduated, blame the people who told us we would only get a job by going to college who now criticize us for not being able to get jobs after we graduate.
Edit: massive edit
Yes, the economy is bad. You just need to think of ways to differentiate yourself from the thousands of other people trying to get the same position. Will it definitely work? no, but it will give you a better chance at finding a job.
I don't mind that people are so un-creative and entitled. It just gives me a leg-up on the competition.
When I was looking for work, I would tailor my resume to the job. I might only send out 5 resumes/day, but my response rate was many times higher than the machine-gun approach.
If you really want to improve unemployment, make it easier for businesses to survive through something like tax incentives. The businesses are the ones hiring. Most people don't want to hear this. They would rather tax them to death (and then wonder why they are leaving the US or laying off half their staff).
If times are hard, perhaps one should act as if they are. Whining is counter-productive. How many counter-productive things can you afford? Why does whining make that list?
However, you can blame them for the entitlement almost all of them seem to feel. I say "them" even though I just recently turned 26 and for a long time did have that feeling of entitlement. At the risk of parroting the article, you can't go to college and expect anything, particularly in tech. You've got to be willing to make below-market, almost slave wages in a crappy entry level job or internship.
I changed careers a year and a half after I graduated with a Poli Sci degree in 2008. The first gig I could get was a 6-month internship for $2,000. It's taken me that and consulting quite a few web clients to get the point where I could accept my first entry-level professional (corporate) programming gig less than 4 months ago.