I'm glad to hear job prospects for EE's have improved. I remember a time about 12 years ago when a graduate degree in EE and a buck would get you a newspaper and a shitty cup of coffee. Nothing like getting introduced to the new-hire at our shitty 2nd shift call center only to find out they've got a doctorate and 10 years of job experience and ended up having to take a gig in tech support just to feed their family.
This may only be the case for CMU EE PhD's. In today's winner-take-all economy, graduates of top programs have all the options; anyone who isn't a superstar generally has to eat shit.