Europe varies a lot, by country!
In the UK, there seems to be a shortage of moderately skilled people, but it's still kind of tricky to get a job as a junior developer. I've been looking for about five months.
Germany has a notable shortage of technical workers (der Fachkraftmangel) but some number of those jobs will require you to know German. Spain has ~20% unemployment (even higher among youth). Greece's economy is in the gutter (did you hear the news about the Troika)?
I'm afraid I have no idea about the USA, I guess it depends which area you try to find work in, right? I wish you the best of luck! What sort of area are you interested in?