Having just finished university I can tell you it's not much better even with qualifications, at least not in NZ, and apparently in England, too. I'm not sure where else the complete lack of decent jobs has spread -.-
Basically everyone has a degree these days and there are just too many unemployed people and not enough jobs. Make sure it's what you really want, and that you genuinely want to study what you're studying to learn about it for your own personal reasons and not just because you want a different job.
Same situation here in Czech Rep. I'm going to finish uni this year and I'm scared as shit. Because none of my friends who already graduated have work in a field they studied. They are unemployed or work in a call center or shop or something. My friend who studied chemistry works in a bar. My other friend has a masters degree in national security and he works as a tourist guide. I didn't study abroad and I don't have any stellar experiences so I guess soon I'll have the same problem. Not to mention that I have no idea what I want to do.
Yeah, I'm currently unemployed and in a wasteland of having no purpose in life, which is also relevant to this thread.
"Get an honours degree", they said. "You'll end up with a much better job than if you'd dropped out of high school and worked your way up the blue collar ladder", they said. Still, I'm glad I did my degree, I'm glad I learned the things I did, and met the people I know, I'm just resigned to the fact that I'll be in debt for the rest of my life because how the hell will I pay off a $50,000 student loan when I can't land a minimum wage job.
The funny thing is, I always knew my degree wouldn't guarantee some nice shining job in my field of study that paid generous wages, but I never realised it would be counter-productive to getting any old job, which is apparently is, since no one wants to hire me within my field (or anything related) due to lack of work experience/the lack of entry-level jobs, but no one wants to hire me for normal jobs in bars and stores etc because I lack work experience AND I'm overqualified.