Remembering the 70s. This was not a new situation even then. Engineers can expect to be pounding the pavement looking for work at some point. Comes with the territory.
Agreed. They ought not get too attached to a given geographic area nowadays, either... In order to get a job, you often *must* move.
(From someone who was very nearly homeless as a result of *refusing* to leave Alaska, but overqualified for every non-industrial job he sought during a three-year drought.)