What will happen to the recent unemployed college grads when there are always new grads to take newly available jobs?

I know the job market is hard and jobs are hard to find and get, though what happens to the college grads who have been unemployed for a while (like a year or more)? Especially when there are always more college grads graduating year after year after year. Will they be stuck in a bad cycle of unemployment and / or bad jobs for life, or will there somehow be enough jobs for most college grads in the near future?