The recent job market reminds me of when I finished my doctorate in the mid-1990s. Though the market was not as saturated then, it definitely was not conducive to finding a job. I applied to more than 100 colleges and universities, garnering only a phone interview at one college, where I happened to know two people on the search committee. I made it to a final cut of 10, but no further.
However, I knew that I wanted to teach, so I adjusted my plans and applied for positions at independent high schools (also known as "private schools," but they do not care for that designation). For those struggling in this job market, I would suggest that this path has numerous benefits and few drawbacks, especially for someone beginning a career.
First, independent schools have talented, often highly motivated students. At the first school I worked at, I taught sophomores and juniors, not in Advanced Placement classes or even Honors classes. The sophomores read The Scarlet Letter, among other works, and the curriculum for the juniors included Beowulf, The Canterbury Tales, Hamlet, Macbeth, Jane Eyre, Tess of the D'Urbervilles, Heart of Darkness, and the British Romantic poets. Teachers assigned works such as Moby-Dick to their classes, and none of us were disappointed in the students' responses to the level of difficulty. In fact, we had to move through Heart of Darkness quickly, as the end of the semester was approaching, and neither of my junior classes complained about the pace or load for what is a difficult read for the college sophomores I now teach in a non-majors course at a four-year, liberal arts university.