No Headcount for FT... Now what?

So I have just been told that there is no chance of a FT offer from my summer internship this summer. Having just graduated my masters programme, I am now wondering wtf to do. Obviously I will still work to my best during the internship, but where do I go now? Back into FT recruiting for a start next year? Try and find a new job? (I've had a good look and there isn't much around atm).

Do I just take a shit paying job to keep me going until I find something else? Feels like a bit of a kick in the teeth given how I've already funded myself through four years of university in the hope of landing a FT role... I guess my head is now a little scrambled.

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