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The IT market is definatly not terrible, just certain parts of it. In fact, lots of areas are hurting for more people to fill jobs. Software Engineering and Systems Analysis are in unbelievably high demand right now, and rising. Within the next two years web development will experience a boom as there are a number of technologies that are beginning to come full circle as of late.
Unlike 5 years ago, you cannot make due with a generic or umbrella job description such as "IT" or "Programmer". Technology is much more fragmented and specialized than it used to be. I recommend choosing an area and completely immersing yourself in it. College is not neccesary, but experience is. Start out in a help desk position, but go home and produce amazing "hobby" work in your spare time. Completed Projects > Work Experience > Degree
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