After that, look at what you are lacking or need to learn to fill in those gaps. Create a list of projects and just jump in. Make a blog/journal to track your development for your own sake as well as a good resource to point at. Often grads have lots of good solid skills.
Also worthwhile getting a friend to look at your CV. It might not be highlighting the right skills. Similarly, have a base template but ensure you tailor it to each company and job post (I'm sure you do that but is an easy mistake).
A nice tool (UK job posting only but good none the less) is http://www.itjobswatch.co.uk/ which lets you see what is trending and important in IT job posting. Have you got what is the new hotness?
Make sure you create a compelling cover letter for your CV. Place I work they just hired 3 new people, a bad or boring cover letter killed the chances of many amongst the hundreds of applicants.
Job hunting can be hard. I remember finishing my Masters, having a newborn to look after and no other income coming in and pressure on me to get a job. Took longer than I wanted but I got there and I am sure you will too!