I guess as a "newer employee" (8 years now) I see that and say "yeah, that was pretty much my first job search. Maybe a bit better reply rate". I may not have been applying for jobs in 2008, but I feel this bust isn't just about low hiring. And that's what makes it all the worse.

For reference, these 8 years and 3 jobs later, I'm probably around 300-20-0. Or 1 if you the count the part time freelancing that just showed up out of the blue. But I didn't even apply for that.