I completed my course in December 2011. During January, I have slowly been redesigning my web page folio, which is still not complete. I am hoping that by mid February, I can start looking for work.
I do feel quite nervous regarding job hunting, because like you said, it is a very tough area to get into. I don't know what to expect. But, hopefully 2012 won't end up being a bad year for me.
Print layout sounds interesting. Did you ever used to get nervous whenever you print your work? I tend to use a lot of effects such as transparency, so sometimes the print looks messed up. This is why I try to keep things simple.
Regarding freelance... How do you go about doing freelance work? I have seen some websites where a client makes a request for a design and states how much they will pay. Then designers will upload their work, and the client chooses the best design. So, in essence, you could spend hours designing something and not get paid. Ekkk...