Co-Op During Last Semester

I am currently a senior on track to graduate May 2025. I currently have about 2 years of research experience however no prior internship or co-op experience. I have been applying to jobs for the past couple of months with absolutely no luck, or even interviews. I applied to a co-op and was lucky enough to get an interview and then offer however it would push my graduation date to December 2025 as it will be from January-August. As I only have one semester left, I am wondering how significantly it will help with getting a job after graduation. Would it be much better to take the co-op rather than graduate on time and just keep applying to jobs?